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Property profile & analytics
OFF-MARKET
Estimated value
$3,060,000
Office buildings
17485 Monterey St Morgan Hill, CA 95037-3671
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0262753
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
WOOD
Total area
13,928 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CC
APN
767-07-028
UPID
US09-0262753
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
$3.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.11M
Blend (final)
Blend
$3.06M
Owner & transaction history
Leal Properties LLC · 3 yrs held
Leal Properties LLC
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
CC · 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
$3,185,000
ML approach
$3,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.06M
Range $2.75M – $3.37M · ±10% · vs last sale $2.90M (Jul 19 2022)
Last sale anchor
$2.90M
Jul 19 2022
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
$220 / 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
$12,335
Tax year 2024
Assessed value
$1,005,718
Assessed 2024
Previous assessed
$1,005,718
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$728,280
Assessed improvement
$277,438
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
3
Units
20
Total area
13,928 SF
Lot
0.11 ac (5,000 SF)
Zoning code
CC
APN
767-07-028
UPID
US09-0262753
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Morgan Hill, CA
Zoning CC · permitted uses
CC · 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
1987
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
20
Lot
0.11 ac
Current owner
From public records · entity-resolved
Leal Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
300 MARANATHA DR, HOLLISTER, CA 95023-9132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Nov 3, 2025
—
Leal Properties LLC
—
Deed
related
$35,215,000 · West Coast Community Bank
Jul 19, 2022
—
Leal Properties LLC
Frank P Leal
Intrafamily Transfer
related
—
Jul 15, 2021
$2,900,000
Frank P Leal
Vanni Investments II LLC
Grant Deed
$1,885,000 · The Timothy And Pamela King Trust
Jul 26, 2017
—
Vanni Investments II LLC
—
Grant Deed
related
$1,341,968 · Heritage Bk/commerce
Jun 22, 2007
$3,200,000
Vanni Investments II LLC
Wischmeyer,c Edward & Cynthia C
Grant Deed
$1,875,000 · Heritage Bank Of Commerce
Jan 5, 1999
$2,000,000
Wischmeyer C E
Ekhoff,donald L & Joanne W
Grant Deed
$1,350,000 · Bay View Bank
Sep 27, 1994
—
Donald L Ekhoff
Ekhoff,donald L & Joanne W
Quit Claim Deed
related
$592,500 · Wells Fargo Bank
Jun 4, 1992
—
Bank Of America
Equitable Deed C
Trustees Deed
related
—
—
—
Donald L Ekhoff
—
Deed Of Trust
related
$200,000 · Gamba Trust
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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