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Property profile & analytics
OFF-MARKET
Estimated value
$26,285,000
Industrial properties
18255 Sutter Blvd Morgan Hill, CA 95037-2820
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2609391
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
TILT-UP CONCRETE
Total area
79,059 SF
Lot
5.87 ac (255,610 SF)
Zoning code
M1
APN
726-25-030
UPID
US09-2609391
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
-
Toray Advanced Composites Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.30M
Comparable Approach
Comparable
$25.82M
Blend (final)
Blend
$26.29M
Owner & transaction history
Stag Ca Holdings LP · 4 yrs held
Stag Ca Holdings LP
since 2021
Last sale
$26.8M
5 recorded transactions
Zoning & alternative use
M1 · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$39.3M
+103.0%
Apartment house (5+ units)
$33.0M
+70.6%
Warehouse, storage
$28.1M
+45.1%
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
$25,825,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,995,000
6.5%
$20,300,000
7%
$18,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$19,365,000
Current use
RETAIL STORES
$39,315,000
Change: +103% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$33,045,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$28,105,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$26.29M
Range $23.66M – $28.91M · ±10% · vs last sale $26.75M (Aug 10 2021)
Last sale anchor
$26.75M
Aug 10 2021
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
$332 / 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
$320,045
Tax year 2024
Assessed value
$27,830,700
Assessed 2024
Previous assessed
$27,830,700
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$5,722,200
Assessed improvement
$22,108,500
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
79,059 SF
Lot
5.87 ac (255,610 SF)
Zoning code
M1
APN
726-25-030
UPID
US09-2609391
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$19.4M
RETAIL STORES
Est. value
$39.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$33.0M
WAREHOUSE, STORAGE
Est. value
$28.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
2001
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
5.87 ac
Current owner
From public records · entity-resolved
Stag Ca Holdings LP
Entity
Mailing address
1 FEDERAL ST FL, BOSTON, MA 02110-2013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2021
$26,750,000
Stag Ca Holdings LP
18255 Sutter LLC
Grant Deed
—
Oct 19, 2011
$4,200,000
18255 Sutter LLC
Towa America Corp
Grant Deed
$6,000,000 · Comerica Bank
Jul 30, 2008
—
Towa America Corp
Towa America Corp
Quit Claim Deed
—
Aug 13, 2004
—
Towa Intercon Technology INC
Towa Intercon Technology INC
Quit Claim Deed
related
—
Jun 23, 2000
—
Intercon Technology INC
Intercon Technology INC
Quit Claim Deed
related
$5,500,000 · Sakura Bank Ltd Ttee
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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