New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,815,000
Industrial properties
18440 Technology Dr Morgan Hill, CA 95037-2881
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0939006
Property summary
AI-generated overview
This exceptional 18,000 square foot single-story industrial property, located at 18440 Technology Dr, Morgan Hill, CA 95037 (cross street: Jarvis Dr), offers flexible lease options in Santa Clara County. Built in 1998, the building features a 16-foot ceiling height, providing ample vertical space for various uses. Currently, 9,000 square feet of space is available, divisible into units as small as 3,000 square feet, with a maximum contiguous space of 6,000 square feet. The property is ideal for warehouse or research and development operations, accommodating multiple tenants. Each unit boasts 200 amps of power. Ample parking is provided, with a ratio of 2.5 spaces per 1,000 square feet. This prime location in Morgan Hill offers easy access to major transportation routes, making it an attractive option for businesses seeking efficient logistics and a strategic location within the thriving Santa Clara County market. The property is available for lease immediately.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Construction
TILT-UP CONCRETE
Total area
18,000 SF
Lot
1.45 ac (63,162 SF)
Zoning code
M
APN
726-31-032
UPID
US09-0939006
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
-
Volanti Displays Electronics & Wireless Store Big Box & Wholesale Store
-
Endries International Inc. Building Supply Construction Company
-
Digital View Industrial Manufacturer Production Facility
-
American Media LLC General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.91M
Blend (final)
Blend
$2.82M
Owner & transaction history
Andre Walewski
Andre Walewski
since 2026
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,410,000
Current use
Blend value · Realmo final
$2.82M
Range $2.53M – $3.10M · ±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
$156 / 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
$37,032
Tax year 2024
Assessed value
$3,154,291
Assessed 2024
Previous assessed
$3,154,291
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$825,460
Assessed improvement
$2,328,831
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
18,000 SF
Lot
1.45 ac (63,162 SF)
Zoning code
M
APN
726-31-032
UPID
US09-0939006
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
$4.4M
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
1998
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Andre Walewski
Individual
Mailing address
208 WILDER AVE, LOS GATOS, CA 95030-7209
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2026
—
Andre Walewski
Andre Walewski
Deed
related
—
Jul 23, 2025
—
Andre Walewski
Christian Line Fernandez
Quitclaim Deed
related
—
Nov 8, 2022
—
Mh Tech Park II LLC
Richard A Cristina
Grant Deed
—
Jan 10, 2007
$300,000
Cristina Richard A & D L Trust
Hall,murray B
Grant Deed
—
Jun 20, 2003
—
Hall,tr
Hall,sharell
Quit Claim Deed
related
—
Aug 17, 2000
—
Cristina Trust
Weigel,jesse
Grant Deed
related
—
Jan 28, 2000
—
Murphy B Hall
Ch & W Management Group INC
Grant Deed
$1,370,000 · Wells Fargo Bank
—
—
Cristina R A & D L Trust
—
Deed Of Trust
related
$1,167,567 · Cristina R A & D L Trust
—
—
Cristina,richard A & D L Trust
—
Deed Of Trust
related
$1,000,000 · Bank Of The West
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 18440 Technology Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
