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Property profile & analytics
OFF-MARKET
Estimated value
$2,950,000
Industrial properties
16870 Joleen Way Morgan Hill, CA 95037-4608
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1805226
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1979
Construction
TILT-UP CONCRETE
Total area
24,276 SF
Lot
1.49 ac (64,904 SF)
Zoning code
M1
APN
817-11-028
UPID
US09-1805226
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
-
Advanced Quality Plumbing Plumbing Service General Contractor
-
Roadrunner Driving Training Center Vocational School
-
Safeway Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
M & M Auto Care Auto Repair Shop
-
Renteria Brothers Custom Shop Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Lynnda Diane Neustedter · 2 yrs held
Lynnda Diane Neustedter
since 2024
7 recorded transactions
Zoning & alternative use
M1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$122 / 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
$12,680
Tax year 2024
Assessed value
$997,670
Assessed 2024
Previous assessed
$997,670
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$249,953
Assessed improvement
$747,717
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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
24,276 SF
Lot
1.49 ac (64,904 SF)
Zoning code
M1
APN
817-11-028
UPID
US09-1805226
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Morgan Hill, CA
Zoning M1 · permitted uses
M1 · 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
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.49 ac
Current owner
From public records · entity-resolved
Lynnda Diane Neustedter
Individual
Mailing address
17770 MONTEREY ST, MORGAN HILL, CA 95037-3693
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
Jun 27, 2024
—
Lynnda Diane Neustedter
Lynnda Diane Neustedter
Intrafamily Transfer
related
—
Jan 30, 2023
—
Lynnda Diane Neustedter
Lynnda Diane Neustedter
Intrafamily Transfer
related
—
Dec 24, 2019
—
Carter,daniel J Trust
Daniel J Carter
Affidavit Of Death
related
—
Oct 2, 2014
—
Lynnda D Neustedter
Neustedter G & L Family T
Quit Claim Deed
related
—
Jul 16, 2010
—
Hauser Marcelle G Trust
Hauser,marcelle G V
Quit Claim Deed
related
—
Apr 28, 2003
—
Diane V Mclain
Viguie,tr
Grant Deed
related
—
Dec 20, 2002
—
Carter,tr
Carter,d
Quit Claim Deed
related
—
Sep 19, 2002
—
Diane Y Mclain
Viguie,tr
Grant Deed
related
—
Jun 4, 1996
—
Daniel J Carter
Carter,daniel J
Quit Claim Deed
related
$510,000 · Wells Fargo Bank
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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