Property profile

16345 Church St Morgan Hill, CA 95037

OFF-MARKET
Land
Property ID
US09-1826353
1.14 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 1.14-acre property in Morgan Hill, California, presents a unique investment opportunity. Currently operating as a 172-unit mini-storage facility, generating existing income, this land is zoned for Morgan Hill General Plan R-2 Medium Density Residential development. The property's location at 16345 Church St, in Santa Clara County (APN: 817-02-012 817-02-013), offers significant potential for future residential construction. Situated in a highly desirable neighborhood, just one block west of Monterey Rd. and within walking distance of downtown Morgan Hill's amenities, this site benefits from excellent accessibility and proximity to local businesses and restaurants. The asking price is $3,000,000. Financial statements for the existing mini-storage business are available upon request. The property is available for tours between 8 AM and 5 PM, with 24-hour advance notice required. This presents a chance to capitalize on existing income while planning a future residential development, aligning with the city's zoning regulations. The property's prime location and potential for high-density residential development make it an attractive investment.

Property profile

Verified
Property type Land
Lot 1.14 ac (49,658 SF)
UPID US09-1826353

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility
  • Law Firm

Location

16345 Church St Morgan Hill, CA 95037
Morgan Hill metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 16345 Church St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message