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Property profile & analytics
OFF-MARKET
Estimated value
$2,860,000
Industrial properties
18430 Technology Dr Morgan Hill, CA 95037-2890
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US10-3230269
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
TILT-UP CONCRETE
Total area
9,053 SF
Lot
0.72 ac (31,250 SF)
Zoning code
M
APN
726-31-042
UPID
US10-3230269
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
$2.75M
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$2.96M
Blend (final)
Blend
$2.86M
Owner & transaction history
Herlihy Holdings LLC · 5 yrs held
Herlihy Holdings LLC
since 2021
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
M · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.5M
+103.0%
Apartment house (5+ units)
$3.8M
+70.6%
Warehouse, storage
$3.2M
+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
$2,800,000
ML approach
$2,745,000
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,220,000
Current use
RETAIL STORES
$4,500,000
Change: +103% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,785,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,220,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$2.86M
Range $2.57M – $3.15M · ±10% · vs last sale $2.90M (May 25 2021)
Last sale anchor
$2.90M
May 25 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
$316 / 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
$35,503
Tax year 2024
Assessed value
$3,077,503
Assessed 2024
Previous assessed
$3,077,503
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$663,255
Assessed improvement
$2,414,248
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
9,053 SF
Lot
0.72 ac (31,250 SF)
Zoning code
M
APN
726-31-042
UPID
US10-3230269
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
$2.2M
RETAIL STORES
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.2M
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Herlihy Holdings LLC
Entity
Mailing address
18400 SUTTER BLVD, MORGAN HILL, CA 95037-2819
Mailing matches property
Yes
Owner-occupied
Yes
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2021
$2,900,000
Herlihy Holdings LLC
Rathi Holdings LLC
Grant Deed
$1,450,000 · Pinncacle Bank
May 25, 2021
—
Herlihy Holdings LLC
—
Deed
related
$1,176,000 · The Mortgage Capital Development Corp
Jan 8, 2018
—
Rathi Holdings LLC
—
Deed
related
$950,000 · Pinnacle Bank
Jan 2, 2018
$1,900,000
Rathi Holdings LLC
Karin Jacobson
Grant Deed
$760,000 · Pinnacle Bank
Jun 16, 2006
$1,450,000
Jacobson Karin Trust
Robidart 1997 Living Trust
Grant Deed
—
Jul 8, 1999
$974,500
Charles M Robidart
Rrk Properties
Grant Deed
$487,150 · Heller Financial
—
—
Jacobson Karin Trust
—
Deed Of Trust
related
$300,000 · Loan Oak Fund LLC
—
—
Jacobson Karin 1999 Trust
—
Deed Of Trust
related
$450,000 · Pinnacle Bank
—
—
Jacobson,karin 1999 Trust
—
Deed Of Trust
related
$100,000 · Pinnacle Bank
—
—
Jacobson,karin 1999 Trust
—
Deed Of Trust
related
$172,500 · Pinnacle Bank
—
—
Robidart,tr
—
Deed Of Trust
related
$883,400 · Bank Of The West
—
—
Jacobson Karin Trust
—
Deed Of Trust
related
$100,000 · 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.
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