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Property profile & analytics
OFF-MARKET
Estimated value
$7,715,000
Warehouses
18025 Monterey St, Morgan Hill, CA 95037-3649
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2195955
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
WOOD FRAME
Total area
57,720 SF
Lot
2.06 ac (89,744 SF)
Zoning code
CG
APN
764-12-024
UPID
US10-2195955
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.69M
Blend (final)
Blend
$7.72M
Owner & transaction history
New Tkg Storagemart Partners Portfo · 11 yrs held
New Tkg Storagemart Partners Portfo
since 2015
7 recorded transactions
Zoning & alternative use
CG · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.72M
Range $6.94M – $8.49M · ±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
$134 / 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
$47,558
Tax year 2024
Assessed value
$4,032,920
Assessed 2024
Previous assessed
$4,032,920
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,657,500
Assessed improvement
$2,375,420
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
478
Total area
57,720 SF
Lot
2.06 ac (89,744 SF)
Zoning code
CG
APN
764-12-024
UPID
US10-2195955
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.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
478
Lot
2.06 ac
Current owner
From public records · entity-resolved
New Tkg Storagemart Partners Portfo
Entity
Mailing address
215 N STADIUM BLVD STE #207, COLUMBIA, MO 65203-1160
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2015
—
New Tkg Storagemart Partners Portfo
Tkg California Storage III LLC
Grant Deed
$412,500 · Bank Of America NA
Sep 22, 2011
$3,274,750
Tkg California Storage III L L C
Coast Capital Income Fund LLC
Grant Deed
$2,700,000 · Us Bank NA
Mar 25, 2010
$364,600
Coast Capital Income Fund LLC
Plm Lender Services INC
Trustees Deed
related
—
Apr 17, 2009
$479,132
Monterey Morgan LLC
Plm Lender Services INC
Trustees Deed
related
—
Oct 14, 2008
—
Svss INC
Mirzaei,allen
Grant Deed
—
Dec 31, 2007
$4,400,000
Mirzaei Allen
Mia Bella Properties LLC
Grant Deed
$3,900,000 · Xchange Solutions INC
Dec 31, 2007
—
Allen Mirzaei
Mirzaei,mina
Quit Claim Deed
related
—
Nov 3, 2006
—
Giovanni Development Co LLC
Mia Bella Properties LLC
Quit Claim Deed
related
$1,750,000 · Coast Capital Income Fund I LLC
Oct 17, 2003
$403,000
Mia Bella Properties LLC
Ljw Overland Properties LLC
Grant Deed
related
—
—
—
Giovanni Dev Co LLC
—
Deed Of Trust
related
$60,000 · Michael Wolfenbarger
—
—
Giovanni Dev Co LLC
—
Deed Of Trust
related
$3,104,400 · Anchor Lns
—
—
Giovanni Dev Co LLC
—
Deed Of Trust
related
$360,000 · Sharell Hall
—
—
Mia Bella Properties LLC
—
Deed Of Trust
related
$73,000 · Coast Capital Income Fund I
—
—
Tkg California Storage III LLC
—
Loan Modification
related
$21,500,000 · Us Bank NA
—
—
Ljw Oveland Plaza LLC
—
Deed Of Trust
related
$1,100,000 · Rmrf Enterprises INC
—
—
Mia Bella Properties LLC
—
Deed Of Trust
related
$300,000 · Masters Thomas P 1993 Trust
—
—
Giovanni Dev Co LLC
—
Deed Of Trust
related
$300,000 · South Vly Nat'l Bk
—
—
Coast Cap Income Fund LLC
—
Deed Of Trust
related
$1,400,000 · Richard Kash
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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