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Property profile & analytics
OFF-MARKET
Estimated value
$1,005,000
Life science properties
18220 Butterfield Blvd Morgan Hill, CA 95037-2824
Trust Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3182806
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2001
Construction
CONCRETE
Total area
81,185 SF
Lot
6.14 ac (267,458 SF)
Zoning code
M1
APN
726-44-013
UPID
US10-3182806
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
$890k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.01M
Owner & transaction history
Kim,hyon K Living Trust · 9 yrs held
Kim,hyon K Living Trust
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
$890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$12 / 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
$115,800
Tax year 2024
Assessed value
$9,898,671
Assessed 2024
Previous assessed
$9,898,671
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,641,052
Assessed improvement
$6,257,619
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2001
Construction
CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
81,185 SF
Lot
6.14 ac (267,458 SF)
Zoning code
M1
APN
726-44-013
UPID
US10-3182806
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
2001
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
6.14 ac
Current owner
From public records · entity-resolved
Kim,hyon K Living Trust
Trust
Mailing address
1055 MELCHOIR CT, GILROY, CA 95020-9300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2024
—
Bmc Inventories LLC
—
Deed
related
$1,400,000 · Pinnacle Bank
Oct 19, 2023
—
Bmc Inventories LLC
—
Deed
related
$7,000,000 · Pinnacle Bank
Oct 1, 2021
—
Bmc Inventories LLC
—
Deed
related
$1,000,000 · Bank Of America NA
May 15, 2017
—
Kim,hyon K Living Trust
Kim,hyon K
Quit Claim Deed
—
Jan 31, 2017
$8,350,000
Bmc Inventories LLC
Kim Deyoung
Grant Deed
$4,326,000 · Plaza Bank
Jul 10, 2014
—
Deyoung Kim
Kim Family Trust
Quit Claim Deed
related
—
Mar 5, 2013
—
Kim Family Trust
Kim,de Young & Hyon K
Quit Claim Deed
related
—
Oct 21, 2004
—
De Y Kim
Allen-venture LLC
Grant Deed
$8,000,000 · Key Bank NA
Apr 12, 2001
—
Alien-venture LLC
—
Trustees Deed
related
$8,700,000 · Silicon Valley Bank
Mar 5, 2001
—
Alien-venture LLC
Morgan Hill Dev Partners LP
Grant Deed
related
—
—
—
Alien-venture LLC
—
Deed Of Trust
related
$250,000 · Fremont Investment & Loan
—
—
Bmc Inventories LLC
—
Deed Of Trust
related
$3,448,000 · Capital Access Group 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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