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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Retail space
17270 Monterey St Morgan Hill, CA 95037
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5415660
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2018
Total area
7,938 SF
Lot
0.24 ac (10,525 SF)
Zoning code
PUD
APN
726-13-057
UPID
US09-5415660
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
$3.56M
CAP Approach
CAP
$3.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Claranne Ravizza Long · 5 yrs held
Claranne Ravizza Long
since 2021
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
PUD · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.7M
+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
$3,750,000
ML approach
$3,555,000
CAP Approach
CAP Return
Estimation
6%
$3,575,000
6.5%
$3,300,000
7%
$3,065,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,945,000
Current use
OFFICE BUILDING
$4,710,000
Change: +19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,320,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.70M (Jun 29 2021)
Last sale anchor
$4.70M
Jun 29 2021
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
$504 / 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
$59,093
Tax year 2024
Assessed value
$5,079,144
Assessed 2024
Previous assessed
$5,079,144
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$588,425
Assessed improvement
$4,490,719
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
2018
Heating
NONE
Stories
2
Units
2
Total area
7,938 SF
Lot
0.24 ac (10,525 SF)
Zoning code
PUD
APN
726-13-057
UPID
US09-5415660
Jurisdiction
SANTA CLARA
Zoning & alternative use
PUD · Morgan Hill, CAZoning PUD · permitted uses
PUD · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
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
2018
Heating
NONE
Stories
2
Units
2
Lot
0.24 ac
Current owner
From public records · entity-resolved
Claranne Ravizza Long
Individual
Free & Clear · 5 yrs held
Mailing address
14060 BALERI RNCH RD, LOS ALTOS HILLS, CA 94022-1824
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 29, 2021
—
Claranne Ravizza Long
Claranne Ravizza Long
Intrafamily Transfer
related
—
Jun 20, 2018
—
Jenna Long
Johnson,jereb
Quit Claim Deed
related
—
Jun 20, 2018
$4,700,000
Ravizza Living Trust
Monterey & Third Assocs LLC
Grant Deed
—
Jul 8, 2016
$525,000
Monterey & Third Associates Ll
City Of Morgan Hill
Grant Deed
$4,460,000 · Comerica Bk
Jun 4, 2015
—
City Of Morgan Hill
City Of Morgan Hill
Quit Claim Deed
related
—
May 20, 2015
—
City Of Morgan Hill
City Of Morgan Hill
Quit Claim Deed
related
—
Jun 10, 2013
—
City Of Morgan Hill
Morgan Hill Economic Dev Corp
Quit Claim Deed
—
Mar 24, 2011
—
Morgan Hill Redevelopment Agcy
City Of Morgan Hill
Quit Claim Deed
—
Mar 16, 2011
—
City Of Morgan Hill
Morgan Hill Redevelopment Agcy
Quit Claim Deed
—
Apr 24, 2009
—
Morgan Hill Redevelopment Agcy
Hencken Ents South LLC
Grant Deed
related
—
Jun 29, 2005
—
Hencken Ents South LLC
Ely,douglas G R
Grant Deed
—
Apr 7, 2005
—
Ely,douglas G R
Ely Eric C M & E H Trust
Quit Claim Deed
related
—
Feb 24, 2005
—
Ely,douglas G R
Ely,eric C M
Affidavit Of Death
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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