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Property profile & analytics
OFF-MARKET
Estimated value
$12,280,000
Apartment buildings
18555 Butterfield Blvd Morgan Hill, CA 95037-2848
Entity Owned
12-yr Hold
Free & Clear
Property ID
US09-2156781
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1998
Construction
WOOD
Total area
78,683 SF
Lot
4.73 ac (206,099 SF)
Zoning code
R2
APN
726-25-018
UPID
US09-2156781
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
-
Boys & Girls Club of Silicon Valley - Cochrane Village Family Recreation Center
-
ANIME Cafe & Coffee Shop
-
Cochrane Village Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.28M
Owner & transaction history
Morgan Hill Ranch Housing LP · 12 yrs held
Morgan Hill Ranch Housing LP
since 2013
4 recorded transactions
Zoning & alternative use
R2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,987
Tax year 2024
Assessed value
$10,938,730
Assessed 2024
Previous assessed
$10,938,730
+0.0% YoY
Effective rate
0.04%
On assessed value
Assessed land
$6,230,442
Assessed improvement
$4,708,288
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1998
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Units
80
Total area
78,683 SF
Lot
4.73 ac (206,099 SF)
Zoning code
R2
APN
726-25-018
UPID
US09-2156781
Jurisdiction
SANTA CLARA
Zoning & alternative use
R2 · Morgan Hill, CA
Zoning R2 · permitted uses
R2 · 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
1998
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
80
Lot
4.73 ac
Current owner
From public records · entity-resolved
Morgan Hill Ranch Housing LP
Entity
Free & Clear · 12 yrs held
Mailing address
2169 FRANCISCO BLVD E STE B, SAN RAFAEL, CA 94901-5531
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2013
—
Morgan Hill Ranch Housing LP
City Of Morgan Hill
Quit Claim Deed
related
—
Sep 17, 2013
$4,508,000
Cochrane Morgan Hill Eah LP
Morgan Hill Ranch Housing LP
Trustees Deed
related
$10,000,000 · California Municipal Finance
Oct 3, 1997
—
Morgan Hill Ranch Housing LP
Eumenical Assoc For Housing
Grant Deed
related
$7,221,000 · Bank Of America Community Dev
—
—
Morgan Hill Eah LP Cochrane
—
Loan Modification
$2,831,411 · Morgan Hill City
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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