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Property profile & analytics
FOR LEASE
Retail space
383 1St St Gilroy, CA 95020
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2387739
For Lease
$7,650/Mo
383 1St St, Gilroy, CA 95020
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Construction
WOOD
Total area
6,796 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C1
APN
790-35-034
UPID
US10-2387739
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
-
Gilroy Publishing House
-
Los Juniors Mariscos Restaurant
-
Z And Z Solutions Business To Business 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
by Request
Owner & transaction history
Angelberto Cortez · 1 yrs held
Angelberto Cortez
since 2025
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
C1 · Gilroy, 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 Gilroy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gilroy 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
—
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
$21,315
Tax year 2024
Assessed value
$1,719,153
Assessed 2024
Previous assessed
$1,719,153
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$965,817
Assessed improvement
$753,336
Applied tax rate
2.0000
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
For Lease
Year built
1935
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
2
Total area
6,796 SF
Lot
0.34 ac (15,000 SF)
Zoning code
C1
APN
790-35-034
UPID
US10-2387739
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1 · Gilroy, CA
Zoning C1 · permitted uses
C1 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gilroy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1935
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Angelberto Cortez
Individual
Mailing address
5302 AYRSHIRE DR, SAN JOSE, CA 95118-3001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2025
$675,000
Angelberto Cortez
Peter S Silberstein
Grant Deed
—
Dec 18, 2020
—
David Sliberstein
Rebecca D Sliberstein
Intrafamily Transfer
related
$660,000 · Santa Cruz County Bank
Dec 15, 2020
—
Peter S Silberstein
Peter S Silberstein
Quit Claim Deed
related
—
May 16, 2018
—
Peter S Silberstein
—
Deed
related
$605,000 · Clifford JR Fenske
May 9, 2014
—
Anna C Silberstein
Silberstein,anna C
Quit Claim Deed
related
—
Mar 10, 2008
$1,335,000
Peter S Silberstein
Perakis,tassos & Mary
Grant Deed
$750,000 · Bank Of The West
Sep 15, 2000
$493,000
Tassos Perakis
Smith,fieter H
Grant Deed
$450,000 · Heritage Bank Of Commerce
Sep 1, 1993
$35,000
Pieter Smith
Connell,l.&s.
Grant Deed
—
—
—
Peter S Silberstein
—
Deed Of Trust
related
$605,000 · Clifford JR Fenske
—
—
Tassos Perakis
—
Deed Of Trust
related
$197,500 · Xchange Solutions INC
—
—
Tassos Perakis
—
Deed Of Trust
related
$170,000 · Xchange Solutions INC
—
—
Tassos Perakis
—
Deed Of Trust
related
$500,000 · Heritage Bank Of Commerce
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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