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Property profile & analytics
OFF-MARKET
Estimated value
$9,130,000
Industrial properties
485 Woodview Ave Morgan Hill, CA 95037-2800
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1209549
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Construction
TILT-UP CONCRETE
Total area
34,944 SF
Lot
2.68 ac (116,740 SF)
Zoning code
M
APN
726-33-005
UPID
US09-1209549
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
-
Bullnose Tile (Morgan Hill) Hardware & Home Improvement Carpet & Flooring Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.21M
CAP Approach
CAP
$8.98M
Comparable Approach
Comparable
$11.41M
Blend (final)
Blend
$9.13M
Owner & transaction history
Bullnose Tile LLC · 4 yrs held
Bullnose Tile LLC
since 2022
Last sale
$9.3M
6 recorded transactions
Zoning & alternative use
M · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.6M
+70.6%
Warehouse, storage
$12.4M
+45.1%
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
$8,940,000
ML approach
$9,210,000
CAP Approach
CAP Return
Estimation
6%
$9,720,000
6.5%
$8,975,000
7%
$8,330,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,560,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,605,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$12,420,000
Change: +45% · Conversion: Easy
Blend value · Realmo final
$9.13M
Range $8.22M – $10.04M · ±10% · vs last sale $9.26M (Sep 22 2021)
Last sale anchor
$9.26M
Sep 22 2021
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
$261 / 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
$111,694
Tax year 2024
Assessed value
$9,634,270
Assessed 2024
Previous assessed
$9,634,270
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,731,050
Assessed improvement
$6,903,220
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
34,944 SF
Lot
2.68 ac (116,740 SF)
Zoning code
M
APN
726-33-005
UPID
US09-1209549
Jurisdiction
SANTA CLARA
Zoning & alternative use
M · Morgan Hill, CA
Zoning M · permitted uses
M · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morgan Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.6M
WAREHOUSE, STORAGE
Est. value
$12.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1987
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
2.68 ac
Current owner
From public records · entity-resolved
Bullnose Tile LLC
Entity
Mailing address
1783 ROGERS AVE, SAN JOSE, CA 95112-1108
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2022
—
Bullnose Tile LLC
Wwj Investments LLC
Lease
$3,750,000 · The Mortgage Capital Development Corp
Sep 22, 2021
$9,260,500
Wwj Investments LLC
Northern California Carpenters Atf
Grant Deed
$4,630,000 · City National Bank
Sep 22, 2021
—
Wwj Investments LLC
—
Deed
related
$3,704,000 · City National Bank
Jan 13, 2005
—
California Carpenters Northern
Carpenters Training Trust
Quit Claim Deed
—
Jan 11, 1999
—
Carpenters Training Trust Fund
Wells Fargo Bank
Grant Deed
related
—
Feb 21, 1997
—
Northern California Trust
Cochrane Business Ranch
Grant Deed
related
—
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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