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Property profile & analytics
OFF-MARKET
Estimated value
$5,355,000
Apartment buildings
16800 Barnell Ave Morgan Hill, CA 95037-4939
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3053258
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD
Total area
11,425 SF
Lot
0.72 ac (31,200 SF)
Zoning code
R3
APN
767-11-051
UPID
US10-3053258
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
$5.33M
CAP Approach
CAP
$3.34M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.36M
Owner & transaction history
Horizon Poultry Farm LLC · 2 yrs held
Horizon Poultry Farm LLC
since 2023
Last sale
$5.4M
4 recorded transactions
Zoning & alternative use
R3 · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.8M
+42.0%
Retail stores
$5.7M
+19.0%
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
$5,255,000
ML approach
$5,325,000
CAP Approach
CAP Return
Estimation
6%
$3,620,000
6.5%
$3,340,000
7%
$3,100,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,775,000
Current use
OFFICE BUILDING
$6,780,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$5,680,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,060,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.36M
Range $4.82M – $5.89M · ±10% · vs last sale $5.43M (Aug 2 2023)
Last sale anchor
$5.43M
Aug 2 2023
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
$469 / 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
$62,154
Tax year 2024
Assessed value
$5,425,000
Assessed 2024
Previous assessed
$5,425,000
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,330,000
Assessed improvement
$2,095,000
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
1978
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
18
Total area
11,425 SF
Lot
0.72 ac (31,200 SF)
Zoning code
R3
APN
767-11-051
UPID
US10-3053258
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.8M
OFFICE BUILDING
Est. value
$6.8M
RETAIL STORES
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
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
1978
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
18
Lot
0.72 ac
Current owner
From public records · entity-resolved
Horizon Poultry Farm LLC
Entity
Mailing address
1703 ECHO CYN CT, SAN JOSE, CA 95121-1989
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
$5,425,000
Horizon Poultry Farm LLC
Cassel 1994 Family LLC
Grant Deed
$2,987,000 · Cassel 1994 Family LLC
Mar 4, 2010
$1,155,000
Cassel 1994 Family LLC
Cassel 1994 Family Trust
Grant Deed
$1,150,000 · Provident Cu
Dec 16, 2005
$2,025,000
Ronald R Cassel
John R Kinsinger
Grant Deed
$1,200,000 · Banco Popular North America
Nov 19, 1992
—
John&karen Kinsinger Trust
Kinsinger,john R
Quit Claim Deed
related
—
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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