Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    430 1st St Gilroy, CA 95020-5048

    • Apartment buildings
    • 2,806 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2024
    $500,000
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1960830
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 430 1st St

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.34 lot acres
    Property size
    2,806 SF
    Zone code
    C1
    Property type
    Apartment buildings
    APN
    799-20-001
    APU
    79920001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $500,000
      ML approach
      $500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $890,000
      6.5%
      $820,000
      7%
      $760,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $311,000
      Market price range: $119k - $2.61M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.578
    Latitude
    37.0131
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,004
    $409,817
    $219,387
    $629,204
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,635,000
      129,000 SF

      8200 Kern Ave

      APARTMENT HOUSE (5+ UNITS) • 129,000 SF
      8200 Kern Ave, Gilroy, CA 95020-4036
      View Details
    • Value Estimation
      $430,000
      15,960 SF

      590 Stoney Cta

      APARTMENT HOUSE (5+ UNITS) • 15,960 SF
      590 Stoney Cta, Gilroy, CA 95020-6241
      View Details
    • Value Estimation
      $1,035,000
      156,290 SF

      7902 Westwood Dr

      APARTMENT HOUSE (5+ UNITS) • 156,290 SF
      7902 Westwood Dr, Gilroy, CA 95020-2514
      View Details
    • Value Estimation
      $355,000
      4,000 SF

      8001 Church St

      APARTMENT HOUSE (5+ UNITS) • 4,000 SF
      8001 Church St, Gilroy, CA 95020-4455
      View Details
    • Value Estimation
      $290,000
      3,467 SF

      620 Fairview Dr

      APARTMENT HOUSE (5+ UNITS) • 3,467 SF
      620 Fairview Dr, Gilroy, CA 95020-6482
      View Details
    • Value Estimation
      $470,000
      6,926 SF

      7540 Rogers Ln

      APARTMENT HOUSE (5+ UNITS) • 6,926 SF
      7540 Rogers Ln, Gilroy, CA 95020-5833
      View Details

    Similar Nearby for Sale

    • $8,999,000
      6,630 SF

      Gilroy Commercial Property with Highway Frontage

      Mixed-use property with high visibility and development potential near US-101.
      5680 Monterey Rd, Gilroy, CA 95020
      View Details
    • $5,299,000
      11,526 SF

      Gilroy Multifamily Investment Opportunity

      16-unit apartment complex in Gilroy, near outlets and shopping.
      420 Broadway, Gilroy, CA 95020
      View Details
    • $2,099,000
      2,504 SF

      Contemporary Home with Rental Income

      Spacious home with rental unit in desirable Gilroy neighborhood.
      3455 Susie Ln, Gilroy, CA 95020
      View Details
    • $2,990,000

      Multi-Use AG/Livestock Facility

      19.2-acre agricultural property with livestock facilities and residential units.
      2675 Pacheco Pass Hwy, Gilroy, CA 95020
      View Details
    • $3,200,000
      8.09 Acres

      Gilroy Vineyard Estate: 8 Acres

      Prime Gilroy vineyard, luxury home, barn.
      4200 Hecker Pass Rd, Gilroy, CA 95020
      View Details
    • $1,999,999

      16.73 Acres with Two Homes

      Two homes on 16.73 acres, ideal for multi-generational living.
      2718 Ferguson Rd, Gilroy, CA 95020
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr
      2,363 SF

      Retail Space in San Ysidro Center

      Retail suites available in a high-traffic Gilroy location.
      8630 San Ysidro Ave, Gilroy, CA 95020
      View Details
    • $1.65 SF/Yr
      5,250 SF

      Gilroy Warehouse with Office Space

      5,250 SF warehouse with 1,000 SF office space.
      5820 Obata Way, Gilroy, CA 95020
      View Details
    • $1.85 SF/Yr
      2,000 SF

      Former Dental Office Space

      2,000 SF former dental office available for lease.
      631-681 1St St, Gilroy, CA 95020
      View Details
    • $2.00 SF/Yr
      750 SF

      Downtown Gilroy Office Space Available

      750 SF office space in downtown Gilroy for lease.
      60 4Th St, Gilroy, CA 95020
      View Details
    • $1.50 SF/Yr
      2,476 SF

      Retail Space in San Ysidro

      Retail spaces available, ranging from 1,200 to 27,000 square feet.
      8640 San Ysidro Ave, Gilroy, CA 95020
      View Details
    • $2 SF/Yr
      808 SF

      Gilroy Office Space For Rent

      Office space for lease in Gilroy, available Q2 2025.
      8000 Santa Teresa Blvd, Gilroy, CA 95020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    430 1st St
    Gilroy, CA 95020-5048
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.