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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Retail space
5880 Monterey Rd Gilroy, CA 95020-8032
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2709261
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Construction
WOOD
Total area
3,090 SF
Lot
0.7 ac (30,492 SF)
Zoning code
IPUD
APN
841-14-078
UPID
US10-2709261
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
-
Carl's Jr. Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
$615k
Blend (final)
Blend
$970k
Owner & transaction history
Tri Star Re Holdings LLC · 17 yrs held
Tri Star Re Holdings LLC
since 2008
4 recorded transactions
Zoning & alternative use
IPUD · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+13.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,390,000
6.5%
$1,285,000
7%
$1,190,000
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Current use
WAREHOUSE, STORAGE
$1,100,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10%
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
$314 / 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
$29,123
Tax year 2024
Assessed value
$2,335,638
Assessed 2024
Previous assessed
$2,335,638
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,338,258
Assessed improvement
$997,380
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
Off-Market
Year built
2002
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
3,090 SF
Lot
0.7 ac (30,492 SF)
Zoning code
IPUD
APN
841-14-078
UPID
US10-2709261
Jurisdiction
SANTA CLARA
Zoning & alternative use
IPUD · Gilroy, CA
Zoning IPUD · permitted uses
IPUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$970,000
WAREHOUSE, STORAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$860,000
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2002
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Tri Star Re Holdings LLC
Entity
Mailing address
850 FILBERT PL, BREA, CA 92821-4110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
—
Tri Star Re Holdings LLC
—
Deed
related
$1,510,000 · Citizens Business Bank
Nov 17, 2020
—
Tn Star Re Holdings LLC
—
Deed
related
$1,105,766 · Citizens Business Bank
Sep 19, 2008
$1,850,000
Tri Star Re Holdings LLC
Star Chasers LLC
Grant Deed
$925,500 · California Bank & Trust
Mar 23, 2001
$522,500
Star Chasers LLC
Garlic Farm Annex LLC
Grant Deed
$400,000 · Lee A Miller
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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