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Property profile & analytics
OFF-MARKET
Estimated value
$9,505,000
Industrial properties
18430 Sutter Blvd Morgan Hill, CA 95037-2819
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3394919
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2001
Construction
TILT-UP CONCRETE
Total area
49,800 SF
Lot
3.35 ac (145,926 SF)
Zoning code
M
APN
726-31-018
UPID
US09-3394919
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
-
T&H Manufacturing, Inc. Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.09M
CAP Approach
CAP
$12.79M
Comparable Approach
Comparable
$6.29M
Blend (final)
Blend
$9.51M
Owner & transaction history
HOA V Tran · 3 yrs held
HOA V Tran
since 2023
Last sale
$9.7M
7 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
$9,510,000
ML approach
$9,085,000
CAP Approach
CAP Return
Estimation
6%
$13,855,000
6.5%
$12,790,000
7%
$11,875,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$12,200,000
Current use
Blend value · Realmo final
$9.51M
Range $8.55M – $10.46M · ±10% · vs last sale $9.71M (Apr 4 2023)
Last sale anchor
$9.71M
Apr 4 2023
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
$191 / 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
$120,034
Tax year 2024
Assessed value
$10,412,151
Assessed 2024
Previous assessed
$10,412,151
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$2,332,038
Assessed improvement
$8,080,113
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
Total area
49,800 SF
Lot
3.35 ac (145,926 SF)
Zoning code
M
APN
726-31-018
UPID
US09-3394919
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
INDUSTRIAL (GENERAL) Current
Est. value
$12.2M
INDUSTRIAL (GENERAL) Current
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
Lot
3.35 ac
Current owner
From public records · entity-resolved
HOA V Tran
Individual
Free & Clear · 3 yrs held
Mailing address
2216 BENTLEY RDG DR, SAN JOSE, CA 95138-2423
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
HOA V Tran
HOA Van Tran
Intrafamily Transfer
related
—
Oct 9, 2019
—
HOA Tran
—
Deed
related
$5,341,000 · Wells Fargo Bank NA
Oct 7, 2019
$9,711,000
HOA Van Tran
Busch California Property LLC
Grant Deed
$5,341,000 · Wells Fargo Bank NA
Oct 7, 2019
—
HOA Van Tran
Phuong Thao Mai Nguyen
Intrafamily Transfer
related
$3,489,000 · Capital Access Group INC
Aug 30, 2012
—
Busch California Property LLC
Busch Consolidated INC
Quit Claim Deed
—
May 10, 2001
—
Busch Consolidated INC
Cirexx Corp
Grant Deed
related
—
Jan 16, 2001
—
Vacuum Plating Technology INC
—
Grant Deed
related
$2,400,000 · General 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.
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