Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$990,000
Apartment buildings
275 Burnett Ave Morgan Hill, CA 95037-2645
Trust Owned
6-yr Hold
Free & Clear
Property ID
US09-0648550
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Total area
4,734 SF
Lot
20.32 ac (885,139 SF)
Zoning code
PVD
APN
725-01-015
UPID
US09-0648550
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
-
Hacienda Valley Mobile Home 102 Estates Campground & RV Park
-
Hacienda Valley Mobile Estates Campground & RV Park
-
Logo Impressions Production Facility Textile Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$990k
Owner & transaction history
Mccoy,nancy L Living Trust · 6 yrs held
Mccoy,nancy L Living Trust
since 2020
6 recorded transactions
Zoning & alternative use
PVD · 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
$1,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$990k
Range $891k – $1.09M · ±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
$209 / 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
$25,315
Tax year 2024
Assessed value
$14,000,763
Assessed 2024
Previous assessed
$14,000,763
+0.0% YoY
Effective rate
0.18%
On assessed value
Assessed land
$13,303,730
Assessed improvement
$697,033
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
1973
Heating
NONE
Stories
1
Units
166
Total area
4,734 SF
Lot
20.32 ac (885,139 SF)
Zoning code
PVD
APN
725-01-015
UPID
US09-0648550
Jurisdiction
SANTA CLARA
Zoning & alternative use
PVD · Morgan Hill, CA
Zoning PVD · permitted uses
PVD · 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
1973
Heating
NONE
Stories
1
Units
166
Lot
20.32 ac
Current owner
From public records · entity-resolved
Mccoy,nancy L Living Trust
Trust
Free & Clear · 6 yrs held
Mailing address
611 ANTON BLVD STE #890, COSTA MESA, CA 92626-7032
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2020
—
Mccoy,nancy L Living Trust
Nancy Mccoy
Quit Claim Deed
related
—
Nov 26, 2014
—
Millennium Housing LLC
Millennium Housing Of California
Quit Claim Deed
—
Nov 24, 2004
—
Millennium Housing Of California
Roman Trust
Grant Deed
$12,235,000 · Union Bank Of California
Dec 15, 2000
—
Roman Trust
Roman,allan C & Jackie M
Quit Claim Deed
related
$900,000 · California Federal Bank
Apr 30, 1996
—
Billy J Baxley Trustee
Baxley,billy J & Clara
Quit Claim Deed
related
—
—
—
Millinnium Housing LLC
—
Loan Modification
related
$1,200,000 · Miscellaneous Govt 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.
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 275 Burnett Ave?
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.
