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Property profile & analytics
OFF-MARKET Estimated value $2,665,000
Industrial properties

455 Barrett Ave Morgan Hill, CA 95037-5202

12,818 SF 1 ac lot Built 1987
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US09-1820887
Property summary
AI-generated overview

This exceptional investment opportunity presents a 12,818-square-foot warehouse situated on a one-acre lot in Morgan Hill, California. The property, located at 455 N Barrett Ave, boasts convenient access to Highway 101, a significant advantage for logistics and distribution. Built in 1988, this single-story building currently operates as a multi-tenant property, with all tenants on month-to-month leases, offering flexibility for the new owner. The asking price is $3,300,000. The property features a fenced yard, providing ample secure outdoor space. The building is ideal for an owner-user seeking to establish their business while generating additional income from existing tenants. Potential buyers are responsible for verifying the power capacity. This presents a rare chance to acquire a well-located, established industrial warehouse with significant upside potential in the thriving Morgan Hill market. The property is zoned for industrial use within Santa Clara County, zip code 95037. The lot size is precisely one acre. This is a turnkey opportunity for an investor seeking immediate cash flow and long-term appreciation.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1987
Total area 12,818 SF
Lot 1 ac (43,560 SF)
Zoning code R1
APN 817-57-007
UPID US09-1820887
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
  • Welder Up Vallejo General Contractor
  • Drift Cave Motorsports Auto Parts Store
  • Hadley Forno Properties Corporate Office
  • Baggott's Cabinets General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
$3.29M
Comparable Approach Comparable
$3.66M
Blend (final) Blend
$2.67M
Owner & transaction history
Leal Properties LLC · 1 yrs held
Leal Properties LLC
since 2024
Last sale
$2.7M
7 recorded transactions
2025
Price N/A
2025
Price N/A
2024
$2.7M
2023
$2.7M
2007
Price N/A
2007
Price N/A
1997
Price N/A
Zoning & alternative use
R1 · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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