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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
18181 Butterfield Blvd Morgan Hill, CA 95037-8108
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3665703
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
2,325 SF
Lot
0.17 ac (7,543 SF)
Zoning code
M
APN
726-47-032
UPID
US09-3665703
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
-
Lotus Dental Spa Dental Office
-
Dr. Manalili Dental Office
-
Morgan Hill Dental Associates Dental Office
-
Dr. Michael K. Singh, DDS Dental Office
-
Dr. Kusum Atraya DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.41M
Owner & transaction history
Kusum & Gurjinders Livin Trust · 6 yrs held
Kusum & Gurjinders Livin Trust
since 2020
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
M · 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%
$1,455,000
6.5%
$1,340,000
7%
$1,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,380,000
Current use
RETAIL STORES
$1,155,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.35M (Jun 8 2025)
Last sale anchor
$1.35M
Jun 8 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
$604 / 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
$8,017
Tax year 2024
Assessed value
$685,589
Assessed 2024
Previous assessed
$685,589
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$115,890
Assessed improvement
$569,699
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
2005
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
2,325 SF
Lot
0.17 ac (7,543 SF)
Zoning code
M
APN
726-47-032
UPID
US09-3665703
Jurisdiction
SANTA CLARA
Zoning & alternative use
M · Morgan Hill, CA
Zoning M · permitted uses
M · 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
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING Current
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
2005
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Kusum & Gurjinders Livin Trust
Trust
Free & Clear · 6 yrs held
Mailing address
2325 OLEA CT, GILROY, CA 95020-8411
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2020
—
Kusum & Gurjinders Livin Trust
Gurjinder Singh
Quit Claim Deed
related
—
Aug 30, 2016
—
Singh,michael K 2016 Trust
Singh,michael K
Quit Claim Deed
related
—
Oct 12, 2011
—
Michael K Singh
Singh,sareena J
Quit Claim Deed
related
—
Sep 25, 2007
—
Michael K Singh
Digital Island INC
Grant Deed
$600,000 · Pinnacle 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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