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Property profile & analytics
OFF-MARKET
Estimated value
$7,170,000
Retail space
16525 Condit Rd Morgan Hill, CA 95037-9533
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-0121581
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
41,413 SF
Lot
2.3 ac (100,188 SF)
Zoning code
CC
APN
817-13-029
UPID
US09-0121581
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
-
Quality Inn & Suites Morgan Hill Hotel & Motel
-
Quality Inn & Suites Hotel & Motel
-
Quality Inn & Suites South San Jose / Morgan Hill Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.89M
Blend (final)
Blend
$7.17M
Owner & transaction history
Sunbake LLC · 7 yrs held
Sunbake LLC
since 2019
7 recorded transactions
Zoning & alternative use
CC · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.17M
Range $6.45M – $7.89M · ±10%
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
$173 / 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
$56,605
Tax year 2024
Assessed value
$4,851,369
Assessed 2024
Previous assessed
$4,851,369
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,459,849
Assessed improvement
$2,391,520
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
YES
Stories
2
Units
84
Total area
41,413 SF
Lot
2.3 ac (100,188 SF)
Zoning code
CC
APN
817-13-029
UPID
US09-0121581
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Morgan Hill, CA
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Stories
2
Units
84
Lot
2.3 ac
Current owner
From public records · entity-resolved
Sunbake LLC
Entity
Mailing address
565 PO BOX 891ST AVE, MORGAN HILL, CA 95038-0891
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2019
—
Sunbake LLC
Judge Hospitality Corporation
Grant Deed
$3,000,000 · Santa Cruz County Bank
Sep 23, 2008
—
Judge Hospitality Corp
Judge,avtar S
Quit Claim Deed
—
Sep 8, 2008
$43,000
Avtar S
Judge Hospitality Corp
Grant Deed
—
Dec 1, 2004
—
Avtar S
Judge,jatinderbir K
Quit Claim Deed
$775,000 · Home Bank Of California
Aug 15, 2000
—
Raymonds Etchebarne
—
Deed Of Trust
related
$4,500,000 · South Valley Bank
—
—
Avtar S
—
Deed Of Trust
related
$1,685,811 · Skyview Lndg INC
—
—
Raymonde Etchebarne
—
Deed Of Trust
related
$2,550,000 · Bank Of Salinas
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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