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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Retail space
35 Main Ave Morgan Hill, CA 95037-3623
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US10-2442565
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
WOOD
Total area
1,467 SF
Lot
0.26 ac (11,200 SF)
Zoning code
CC
APN
726-23-006
UPID
US10-2442565
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
-
Carolyn Burkhardt, Realtor Real Estate Agency
-
Dunne Insurance Insurance Agency
-
Christies international Real Estate Sereno Steve Barsanti Real Estate Agency
-
La Niña Perdida Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Eric Ingram · 2 yrs held
Eric Ingram
since 2024
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
CC · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+106.7%
Office building
$870,000
+19.4%
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
$1,310,000
ML approach
$1,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,510,000
Change: +107% · Conversion: Moderate
OFFICE BUILDING
$870,000
Change: +19% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±10% · vs last sale $1.31M (Mar 21 2024)
Last sale anchor
$1.31M
Mar 21 2024
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
$893 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$384,977
Assessed 2023
Previous assessed
$384,977
+0.0% YoY
Assessed land
$271,633
Assessed improvement
$113,344
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
1945
Construction
WOOD
Heating
NONE
Stories
1
Rooms
4
Bathrooms
1
Total area
1,467 SF
Lot
0.26 ac (11,200 SF)
Zoning code
CC
APN
726-23-006
UPID
US10-2442565
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1945
Construction
WOOD
Heating
NONE
Stories
1
Rooms
4
Bathrooms
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Eric Ingram
Individual
Mailing address
760 5TH ST, GILROY, CA 95020-5607
Ownership since
2024
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 21, 2024
$1,310,000
Eric Ingram
Sammy Kun Yen Wu
Grant Deed
—
Jan 11, 2012
—
Wu Family Trust
Wu,sammy K Y & Jasmine C
Quit Claim Deed
related
—
Sep 30, 2011
$319,000
Sammy K Y Wu
Center Bk
Grant Deed
—
Jul 14, 2011
$375,119
Center Bk
Td Service Co
Trustees Deed
related
—
Oct 31, 2006
$700,000
Makoto Muta
Shimoda,michiko
Grant Deed
$400,000 · Innovative Bank
Oct 31, 2006
—
Michiko Shimoda
Shimoda,yukio
Affidavit Of Death
related
—
Apr 27, 1992
$320,000
Yukio Shimoda
Thompson,philip
Grant Deed
$220,000 · Seller
—
—
Makoto K Muta
—
Deed Of Trust
related
$150,000 · Bank Of America
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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