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Property profile & analytics
OFF-MARKET
Warehouses
18210 Butterfield Blvd, Morgan Hill, CA 95037-2824
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0085888
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2022
Lot
2.6 ac (113,256 SF)
Zoning code
M1
APN
726-44-014
UPID
US09-0085888
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Golden State Assembly INC · 3 yrs held
Golden State Assembly INC
since 2023
Last sale
$20,000
7 recorded transactions
Zoning & alternative use
M1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$112,618
Tax year 2024
Assessed value
$9,796,604
Assessed 2024
Previous assessed
$9,796,604
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,840,604
Assessed improvement
$7,956,000
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
2022
Heating
NONE
Lot
2.6 ac (113,256 SF)
Zoning code
M1
APN
726-44-014
UPID
US09-0085888
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Morgan Hill, CA
Zoning M1 · permitted uses
M1 · 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
2022
Heating
NONE
Lot
2.6 ac
Current owner
From public records · entity-resolved
Golden State Assembly INC
Entity
Mailing address
18210 BUTTERFIELD BLVD, MORGAN HILL, CA 95037-2824
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2023
$20,000
Golden State Assembly INC
Bmc Inventories LLC
Grant Deed
—
Aug 31, 2021
—
Golden State Assembly INC
—
Deed
related
$7,000,000 · Pinnacle Bank
Apr 26, 2021
—
Golden State Assembly INC
Golden State Assembly INC
Correction Deed
related
—
Apr 6, 2018
$1,650,000
Golden Gate Assembly INC
M West Propco Xxiii LLC
Grant Deed
—
Dec 26, 2012
$10,063,500
M West Propco Xxiii LLC
Mission West Properties INC
Grant Deed
—
Dec 24, 2012
$11,088,500
Mission West Properties INC
Mission West Properties LP
Grant Deed
—
Apr 27, 2007
—
Mission West Properties LP II
Mhr Land Holdings LLC
Grant Deed
—
Aug 2, 2006
—
Mhr Land Holdings LLC
Morgan Hill Dev Partners
Grant Deed
$19,522,500 · Bankfirst
—
—
Morgan Hill Dev Partners LP
—
Deed Of Trust
related
$39,205 · Point Center Financial INC
—
—
Morgan Hill Dev Partners LP
—
Deed Of Trust
related
$3,977,300 · Unknown
—
—
Morgan Hill Dev Partners LP
—
Deed Of Trust
related
$39,773 · Point Center Financial INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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