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Property profile & analytics
OFF-MARKET
Estimated value
$1,480,000
Retail space
30 3rd St Morgan Hill, CA 95037-3650
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2071790
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1929
Construction
WOOD
Total area
5,260 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CC
APN
726-13-041
UPID
US09-2071790
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
-
Danny Notary Law Firm
-
Snowee Rolls Grocery & Convenience Store Specialty Food Shop
-
Chacho's Restaurant Morgan Hill Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.48M
Owner & transaction history
Anthony J Villafranca · 7 yrs held
Anthony J Villafranca
since 2019
7 recorded transactions
Zoning & alternative use
CC · 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
APARTMENT HOUSE (5+ UNITS)
$2,200,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.48M
Range $1.33M – $1.63M · ±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
$281 / 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
$19,426
Tax year 2024
Assessed value
$1,611,577
Assessed 2024
Previous assessed
$1,611,577
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$475,557
Assessed improvement
$1,136,020
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
5,260 SF
Lot
0.14 ac (6,000 SF)
Zoning code
CC
APN
726-13-041
UPID
US09-2071790
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Morgan Hill, CAZoning CC · permitted uses
CC · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
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
1929
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Anthony J Villafranca
Individual
Mailing address
309 LARKIN ST, MONTEREY, CA 93940-2312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Nov 12, 2019
—
Anthony J Villafranca
—
Deed
related
$75,000 · Brian C Kane
Jul 2, 2019
$100,000
Anthony J Villafranca
Villafranca,anthony J & Providence C
Grant Deed
related
$200,000 · Biggs Scott W (te)
Dec 8, 2016
—
Anthony J Villafranca
City Of Morgan Hill
Quit Claim Deed
related
—
Dec 4, 2003
$495,000
Anthony J Villafranca
Pacific-sierra Publishing INC
Grant Deed
$380,000 · Community Bank Central Ca
Jun 10, 1997
—
Central Valley Publishing INC
—
Deed Of Trust
related
$4,527,875 · Wells Fargo Bank
—
—
Pacific-sierra Publishing INC
—
Deed Of Trust
related
$24,000,000 · Mcg Finance Corp Ttee
—
—
Anthony J Villafranca
—
Deed Of Trust
related
$75,000 · Brian C Kane
—
—
Anthony J Villafranca
—
Deed Of Trust
related
$650,000 · Rabobank
—
—
Pacific-sierra Publishing INC
—
Deed Of Trust
related
$1,000,000 · Tcw Special Placements Fund
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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