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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Apartment buildings
16725 Barnell Ave Morgan Hill, CA 95037-4924
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0694189
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
5,054 SF
Lot
0.35 ac (15,242 SF)
Zoning code
R3
APN
767-11-052
UPID
US09-0694189
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Budd Properties INC · 13 yrs held
Budd Properties INC
since 2012
7 recorded transactions
Zoning & alternative use
R3 · 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%
$1,600,000
6.5%
$1,480,000
7%
$1,370,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,795,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$220 / 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
$13,653
Tax year 2024
Assessed value
$1,177,091
Assessed 2024
Previous assessed
$1,177,091
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$603,637
Assessed improvement
$573,454
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
5
Total area
5,054 SF
Lot
0.35 ac (15,242 SF)
Zoning code
R3
APN
767-11-052
UPID
US09-0694189
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3 · Morgan Hill, CA
Zoning R3 · permitted uses
R3 · 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
WAREHOUSE, STORAGE
Est. value
$1.8M
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
1977
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
5
Lot
0.35 ac
Current owner
From public records · entity-resolved
Budd Properties INC
Entity
Free & Clear · 13 yrs held
Mailing address
1389 DARRYL DR, SAN JOSE, CA 95130-1313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
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
Dec 13, 2012
$975,000
Budd Properties INC
Kuwabara,tsuyoshi T
Grant Deed
—
Jun 2, 2005
$106,500
Tsuyoshi T Kuwabara
Kuwabara,tsuyoshi T
Grant Deed
related
—
May 31, 2005
—
Peter P Y Lee
Lee,julia F
Affidavit Of Death
related
—
Nov 4, 2002
—
Lee,tr
Lee,peter P & Julie F
Quit Claim Deed
related
—
May 10, 2001
$168,500
Peter P Lee
Shaw,peter D & Sydney A
Grant Deed
—
Apr 30, 2001
—
Peter D Shaw
Tanshaw Enterprises
Quit Claim Deed
related
—
—
—
Budd Properties INC
—
Deed Of Trust
related
$250,000 · Gay Lee Products INC
—
—
Budd Properties INC
—
Deed Of Trust
related
$400,000 · Budd Family Trust (pt)
—
—
Tanshaw Enterprises
—
Deed Of Trust
related
$225,000 · Home Savings Of America
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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