New search
Property profile & analytics
OFF-MARKET
Estimated value
$13,630,000
Warehouses
222 San Pedro Ave, Morgan Hill, CA 95037-7812
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-0189811
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
69,615 SF
Lot
2.93 ac (127,630 SF)
Zoning code
MH
APN
817-58-005
UPID
US09-0189811
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.63M
Owner & transaction history
Ess Properties 151 LLC · 3 yrs held
Ess Properties 151 LLC
since 2022
7 recorded transactions
Zoning & alternative use
MH · 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
$196 / 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
$147,061
Tax year 2024
Assessed value
$12,766,442
Assessed 2024
Previous assessed
$12,766,442
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,137,371
Assessed improvement
$11,629,071
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
NONE
Stories
1
Units
462
Total area
69,615 SF
Lot
2.93 ac (127,630 SF)
Zoning code
MH
APN
817-58-005
UPID
US09-0189811
Jurisdiction
SANTA CLARA
Zoning & alternative use
MH · Morgan Hill, CA
Zoning MH · permitted uses
MH · 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
1997
Heating
NONE
Cooling
Yes
Stories
1
Units
462
Lot
2.93 ac
Current owner
From public records · entity-resolved
Ess Properties 151 LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Ess Properties 151 LLC
Ess Properties 114 LLC
Intrafamily Transfer
related
—
Oct 20, 2015
—
Ess Properties 114 LLC
Ssti 222 San Pedro Ave LLC
Grant Deed
$300,000,000 · Wells Fargo Bank NA
Apr 5, 2011
$6,290,000
Ssti 222 San Pedro Ave LLC
Apf Wo 5 LP
Grant Deed
—
Nov 20, 2006
—
Wo 5 Apf
Rasp
Grant Deed
—
Mar 12, 2003
—
Heathorn,tr
Heathorn,tr
Quit Claim Deed
related
$3,450,000 · Wells Fargo Bank
Aug 19, 2002
—
Heathorn,tr
Heathorn,norman T & Dolores E
Quit Claim Deed
related
—
Dec 19, 1997
$190,500
Norman T Heathorn
Rasp Limited Partnership
Grant Deed
related
—
Jan 31, 1997
$122,000
Sung H Chung
Rasp Limited Partnership
Grant Deed
—
Jan 8, 1997
$424,649
Consentini Trust
Consentini,leonard
Trustees Deed
related
—
Dec 27, 1996
—
LP Rasp
—
Grant Deed
related
$2,200,000 · Alameda First Bank
Nov 25, 1996
$300,000
LP Rasp
Consentini Trust
Grant Deed
—
Mar 9, 1993
—
Leonard,cosentini Trust
Warnock,w.
Trustees Deed
related
—
Jan 23, 1991
$500,000
Gaeta Divittorio
Leonard Cosentin
Grant Deed
$400,000 · Individual
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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