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Property profile & analytics
OFF-MARKET
Estimated value
$11,635,000
Retail space
17100 Laurel Rd Morgan Hill, CA 95037-4434
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1498779
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
WOOD
Total area
26,534 SF
Lot
2.21 ac (96,267 SF)
Zoning code
CG
APN
726-01-001
UPID
US09-1498779
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
-
Victory Honda of Morgan Hill Service Auto Repair Shop Vehicle Inspection Center
-
Victory Honda of Morgan Hill Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.03M
CAP Approach
CAP
$11.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.64M
Owner & transaction history
Cappo Real Estate Holdings LLC · 3 yrs held
Cappo Real Estate Holdings LLC
since 2023
Last sale
$12.0M
7 recorded transactions
Zoning & alternative use
CG · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$15.8M
+19.4%
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
$11,510,000
ML approach
$9,025,000
CAP Approach
CAP Return
Estimation
6%
$11,945,000
6.5%
$11,025,000
7%
$10,240,000
Alternative Use
Use
Estimation
RETAIL STORES
$13,195,000
Current use
OFFICE BUILDING
$15,750,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$11,090,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$11.64M
Range $10.47M – $12.80M · ±10% · vs last sale $12.00M (Mar 21 2023)
Last sale anchor
$12.00M
Mar 21 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
$438 / 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
$44,963
Tax year 2024
Assessed value
$3,827,756
Assessed 2024
Previous assessed
$3,827,756
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,406,018
Assessed improvement
$1,421,738
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
1997
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Total area
26,534 SF
Lot
2.21 ac (96,267 SF)
Zoning code
CG
APN
726-01-001
UPID
US09-1498779
Jurisdiction
SANTA CLARA
Zoning & alternative use
CG · Morgan Hill, CA
Zoning CG · permitted uses
CG · 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
RETAIL STORES Current
Est. value
$13.2M
OFFICE BUILDING
Est. value
$15.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.1M
RETAIL STORES Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1997
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.21 ac
Current owner
From public records · entity-resolved
Cappo Real Estate Holdings LLC
Entity
Mailing address
46352 MICHIGAN AVE, CANTON, MI 48188-2579
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
—
Cappo Real Estate Holdings LLC
Cp Exchange V LLC
Quit Claim Deed
related
—
Jan 15, 2019
$12,000,000
Cp Exchange V LLC
17100 Laurel Road LLC
Grant Deed
$500,000 · American Honda Finance Corp
Jan 14, 2010
$250,000
17100 Laurel Road LLC
Laurel Road LP
Grant Deed
—
Feb 23, 2005
—
Jean M Lierly
Lierly,elmo
Quit Claim Deed
related
—
Jan 7, 2005
—
R W Simonsen
Simonsen,joni L
Quit Claim Deed
related
—
Dec 29, 2004
—
Laurel Road
Simonsen,sean E
Grant Deed
related
—
Nov 18, 2004
—
Sean E Simonsen
Simonsen,harry C & Bonnie L
Quit Claim Deed
related
—
Oct 26, 2004
—
Sean E Simonsen
Simonsen,harry C & Bonnie L
Quit Claim Deed
related
—
Feb 13, 2003
—
Laurel Road LP
Simonsen,tr
Grant Deed
related
—
Sep 18, 1996
—
Simonsen Trust
—
Grant Deed
related
$2,005,000 · South Valley Bank
Jun 7, 1993
—
Harry&bonnie,simonsen Trust
Simonsen,bonnie
Quit Claim Deed
related
—
—
—
17100 Laurel Road LLC
—
Deed Of Trust
related
$1,750,000 · Simonsen Dev INC
—
—
Simonson,tr
—
Deed Of Trust
related
$2,850,000 · South Valley National 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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