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Property profile & analytics
OFF-MARKET
Estimated value
$2,145,000
Office buildings
18650 Adams Ct, Morgan Hill, CA 95037-8120
Trust Owned
17-yr Hold
~
Est. High Equity
Property ID
US10-3159124
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2010
Construction
CONCRETE
Total area
4,555 SF
Lot
1.02 ac (44,431 SF)
Zoning code
ML
APN
726-34-001
UPID
US10-3159124
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
-
Cochrane Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.63M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Natt Manprit Trust · 17 yrs held
Natt Manprit Trust
since 2008
7 recorded transactions
Zoning & alternative use
ML · 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%
$2,850,000
6.5%
$2,630,000
7%
$2,440,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,705,000
Current use
RETAIL STORES
$2,265,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$2.15M
Range $1.93M – $2.36M · ±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
$471 / 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
$22,823
Tax year 2024
Assessed value
$1,917,984
Assessed 2024
Previous assessed
$1,917,984
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$844,061
Assessed improvement
$1,073,923
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2010
Construction
CONCRETE
Heating
NONE
Stories
1
Total area
4,555 SF
Lot
1.02 ac (44,431 SF)
Zoning code
ML
APN
726-34-001
UPID
US10-3159124
Jurisdiction
SANTA CLARA
Zoning & alternative use
ML · Morgan Hill, CA
Zoning ML · permitted uses
ML · 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
OFFICE BUILDING Current
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
OFFICE BUILDING Current
RETAIL STORES
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
2010
Construction
CONCRETE
Heating
NONE
Stories
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Natt Manprit Trust
Trust
Mailing address
18650 ADAMS CT, MORGAN HILL, CA 95037-8120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2010
—
Natt Manprit Trust
—
Trustees Deed
related
$1,360,000 · Pinnacle Bank
Sep 2, 2008
—
Natt Manprit Trust
Natt,manprit
Quit Claim Deed
related
—
Oct 28, 2005
$630,000
Manprit Natt
Beitpolous,youav & Mariam
Grant Deed
$300,000 · Sonoma National Bank
Oct 28, 2005
—
Manprit Natt
Sheikh,akhtar
Grant Deed
related
—
Jan 10, 1990
$353,000
Yuoav Beitpolous
Elbert Adams Tru
Grant Deed
$176,000 · Individual
—
—
Natt Manprit Trust
—
Deed Of Trust
related
$16,000 · Morgan Hill City
—
—
Natt Manprit Trust
—
Deed Of Trust
related
$559,545 · Pinnacle Bank
—
—
Manprit Natt
—
Deed Of Trust
related
$10,000 · Morgan Hill Redevelopment Agcy
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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