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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Office buildings
178 2nd St Gilroy, CA 95020-5100
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2208124
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
4,566 SF
Lot
0.32 ac (13,919 SF)
Zoning code
R3
APN
799-03-068
UPID
US10-2208124
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
-
Natasha Ahmed Physician
-
Chau Thanh Nguyen Pediatrician Physician
-
Dr. Mohammed Ahmed Physician
-
Dr. Chau Nguyen Pediatrician Physician
-
Dr. Joanabel Sta Maria Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.06M
Owner & transaction history
Mohammed Habeeb Ahmed · 1 yrs held
Mohammed Habeeb Ahmed
since 2025
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
R3 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
R3 multiple-family residential district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 ) § 30.7.20 Permitted uses and conditional uses. Land in the R3 multiple-family residential district may be used as provided in the residential use table, section 30.11.10(c) . Conditional uses may be permitted with a conditional use permit, which may be issued by the planni…
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
276.45 ac
Top alternative use upside
Warehouse, storage
$1.6M
+27.4%
Retail stores
$1.4M
+12.7%
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 Gilroy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilroy 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
$1,345,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,275,000
Current use
WAREHOUSE, STORAGE
$1,625,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,435,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $840k (Mar 19 2025)
Last sale anchor
$840k
Mar 19 2025
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
$231 / 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
$12,458
Tax year 2024
Assessed value
$989,751
Assessed 2024
Previous assessed
$989,751
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$147,281
Assessed improvement
$842,470
Applied tax rate
2.0000
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
1988
Heating
NONE
Stories
1
Units
4
Total area
4,566 SF
Lot
0.32 ac (13,919 SF)
Zoning code
R3
APN
799-03-068
UPID
US10-2208124
Jurisdiction
SANTA CLARA
Zoning & alternative use
R3 · Gilroy, CAZoning R3 · permitted uses
R3 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
R3 multiple-family residential district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 ) § 30.7.20 Permitted uses and conditional uses. Land in the R3 multiple-family residential district may be used as provided in the residential use table, section 30.11.10(c) . Conditional uses may be permitted with a conditional use permit, which may be issued by the planning commission in accordance with the regulations in section 30.50.30 . ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 )
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
276.45 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.6M
RETAIL STORES
Est. value
$1.4M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1988
Heating
NONE
Stories
1
Units
4
Lot
0.32 ac
Current owner
From public records · entity-resolved
Mohammed Habeeb Ahmed
Individual
Mailing address
200 JOSE FIGUERES AVE STE #325, SAN JOSE, CA 95116-1592
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Nov 14, 2025
—
Kaaj Investments LLC
—
Deed
related
$700,000 · The Nelson Family Trust
Mar 19, 2025
—
Mohammed Habeeb Ahmed
Mohammed Habeeb Ahmed
Deed
related
—
Nov 8, 2019
—
Mohammed H Ahmed
—
Deed
related
$756,000 · Connell S E & L M Trust (pt)
Oct 24, 2014
$840,000
Mohammed H Ahmed
Connell S E & L M Trust
Grant Deed
$756,000 · Connell S E & L M Trust (pt)
Sep 30, 2005
$450,000
Connell Laurence M & S E Trust
Harrison R S & J A Trust
Grant Deed
$273,000 · Harrison R S & J A Family Tr
Sep 30, 2005
—
Joan A Harrison
Harrison,richard S
Affidavit Of Death
related
—
Jul 18, 2001
—
Hanson Trust
Harrison,richard S & Joan A
Grant Deed
related
$170,973 · Connell Trust
—
—
Mohammed H Ahmed
—
Loan Modification
related
$756,000 · Connell S E & L M Trust (pt)
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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