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Property profile & analytics
OFF-MARKET
Estimated value
$5,010,000
Apartment buildings
170 Wright Ave Morgan Hill, CA 95037-4343
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US10-2285341
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
WOOD
Total area
22,472 SF
Lot
1.23 ac (53,584 SF)
Zoning code
R3
APN
764-14-001
UPID
US10-2285341
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
-
Crossings at Morgan Hill Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.57M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.01M
Owner & transaction history
00381 Morgan Hill Uhc · 18 yrs held
00381 Morgan Hill Uhc
since 2008
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%
$7,120,000
6.5%
$6,570,000
7%
$6,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,990,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.01M
Range $4.51M – $5.51M · ±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
$223 / 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
$1,539
Tax year 2024
Assessed value
$5,843,324
Assessed 2024
Previous assessed
$5,843,324
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$1,287,757
Assessed improvement
$4,555,567
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
24
Total area
22,472 SF
Lot
1.23 ac (53,584 SF)
Zoning code
R3
APN
764-14-001
UPID
US10-2285341
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
$8.0M
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
24
Lot
1.23 ac
Current owner
From public records · entity-resolved
00381 Morgan Hill Uhc
Individual
Mailing address
2000 E 4TH ST STE #205, SANTA ANA, CA 92705-3907
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2008
$4,550,000
00381 Morgan Hill Uhc
Lin,mon F
Grant Deed
$3,640,000 · Equity Preservation
Aug 15, 1996
—
Mon F Lin
Walsh,lloyd R & Mon F
Grant Deed
related
—
—
—
Uhc 00381 Morgan Hill LP
—
Deed Of Trust
related
$3,600,000 · Us Bank NA
—
—
Uhc 00381 Morgan Hill LP
—
Deed Of Trust
related
$405,125 · California Tax Credit Allocati
—
—
Uhc 00381 Morgan Hill LP
—
Deed Of Trust
related
$146,400 · Morgan Hill City
—
—
00381 Morgan Hill Uhc
—
Deed Of Trust
related
$2,600,000 · Redevelopment Agency
—
—
Uhc 00381 Morgan Hill LP
—
Deed Of Trust
related
$2,081,112 · California Tax Credit Allocati
—
—
Uhc 00381 Morgan Hill LP
—
Deed Of Trust
related
$362,076 · Santa Clara County (ca)
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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