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Property profile & analytics
OFF-MARKET
Estimated value
$4,445,000
Industrial properties
16264 Church St Morgan Hill, CA 95037-7130
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2000468
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2002
Construction
TILT-UP CONCRETE
Total area
16,193 SF
Lot
1.14 ac (49,658 SF)
Zoning code
ML
APN
817-05-057
UPID
US09-2000468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Pawan Chadha Physician
-
Monte Stephen R Medical Clinic
-
Access Association Services Inc Property Management Company
-
Anselmi Sheri PHD Physician Medical Clinic
-
Saozinha Restorick, MFTI Psychotherapist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
$4.16M
Comparable Approach
Comparable
$4.43M
Blend (final)
Blend
$4.45M
Owner & transaction history
Gbs Properties LLC · 1 yrs held
Gbs Properties LLC
since 2024
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
ML · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.8M
+70.6%
Warehouse, storage
$5.8M
+45.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morgan Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morgan Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,445,000
ML approach
$4,445,000
CAP Approach
CAP Return
Estimation
6%
$4,505,000
6.5%
$4,160,000
7%
$3,860,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,965,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,770,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,755,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$4.45M
Range $4.00M – $4.89M · ±10% · vs last sale $4.45M (Aug 26 2024)
Last sale anchor
$4.45M
Aug 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$275 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$38,007
Tax year 2024
Assessed value
$3,265,414
Assessed 2024
Previous assessed
$3,265,414
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$598,208
Assessed improvement
$2,667,206
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
16,193 SF
Lot
1.14 ac (49,658 SF)
Zoning code
ML
APN
817-05-057
UPID
US09-2000468
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · Morgan Hill, CA
Zoning ML · permitted uses
ML · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morgan Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Gbs Properties LLC
Entity
Mailing address
17285 CHESBRO LK DR, MORGAN HILL, CA 95037-9101
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$4,445,000
Gbs Properties LLC
Kevin T Jones
Grant Deed
$2,667,000 · Kevin Jones
Jan 14, 2019
—
Kevin T Jones
Jones Brothers Ents INC
Quit Claim Deed
—
Dec 4, 2018
—
Jones Family Trust
Jones,jeff
Quit Claim Deed
related
—
Aug 28, 2006
—
Jones Family Trust
Jones,jeff & Melanie A
Quit Claim Deed
related
—
Apr 29, 2004
—
Jones,tr
Jones,kevin T & Lisa A
Quit Claim Deed
related
—
Mar 9, 2001
—
Kevin T Jones
—
Trustees Deed
related
$1,865,000 · Money Store INC
Apr 12, 2000
$397,000
Jones Brothers Enterprises INC
Dalla,joseph E & Cynthia M
Grant Deed
—
—
—
Kevin T Jones
—
Loan Modification
related
$1,865,000 · Wells Fargo Bk
—
—
Kevin T Jones
—
Deed Of Trust
related
$656,000 · Marsha Davidson
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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