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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Office buildings
50 Main Ave Morgan Hill, CA 95037-4574
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-2000486
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1935
Construction
WOOD
Total area
3,848 SF
Lot
0.26 ac (11,200 SF)
Zoning code
CC
APN
767-07-007
UPID
US09-2000486
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
-
Santa Teresa Medical Clinic: Dr Frank F Huang MD Pediatrician Physician
-
Robert T. Mulcahy Jr, PHD Physician Medical Clinic
-
Cynthia Adams, DC Alternative Medicine Practice
-
Thermography Center of Morgan Hills Medical Clinic
-
Santa Teresa Medical Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$1.41M
Owner & transaction history
The David Zaria Group INC · 2 yrs held
The David Zaria Group INC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CC · Morgan Hill, 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 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
$1,410,000
ML approach
$1,425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,285,000
Current use
RETAIL STORES
$1,915,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.40M (Jul 17 2023)
Last sale anchor
$1.40M
Jul 17 2023
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
$366 / 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
$17,273
Tax year 2024
Assessed value
$1,400,000
Assessed 2024
Previous assessed
$1,400,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$560,000
Assessed improvement
$840,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1935
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
3,848 SF
Lot
0.26 ac (11,200 SF)
Zoning code
CC
APN
767-07-007
UPID
US09-2000486
Jurisdiction
SANTA CLARA
Zoning & alternative use
CC · Morgan Hill, CA
Zoning 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
Morgan Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
RETAIL STORES
Est. value
$1.9M
OFFICE BUILDING Current
RETAIL STORES
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
1935
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
The David Zaria Group INC
Entity
Mailing address
50 W MAIN AVE, MORGAN HILL, CA 95037-4574
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Jul 17, 2023
$1,400,000
The David Zaria Group INC
Paulson V Nietert
Grant Deed
$1,120,000 · Umpqua Bank
Aug 25, 2020
—
Moniz,s C Separate Prop Trust
Stanley Moniz
Quit Claim Deed
related
—
Jun 22, 2018
—
Malech,keith & Serena 1993 Trust
Malech,serena
Quit Claim Deed
related
—
Apr 25, 2018
—
Serena Malech
Malech,keith R
Affidavit Of Death
—
Dec 21, 2005
—
Ranea
Malech R C & N P 1994 Trust
Quit Claim Deed
related
—
Oct 4, 2002
—
Nietert,tr
Nietert,paulson N
Quit Claim Deed
related
—
Jan 3, 1997
—
Stanley Moniz
Moniz,marjorie
Quit Claim Deed
related
—
Jan 3, 1997
$233,000
Nietert,paulson
Hahn,paul R & Barbara A
Trustees Deed
$133,000 · Seller
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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