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Property profile & analytics
OFF-MARKET
Estimated value
$4,390,000
Industrial properties
600 Luchessa Ave Gilroy, CA 95020-7068
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3690026
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
TILT-UP CONCRETE
Total area
36,278 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M2
APN
841-15-084
UPID
US09-3690026
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
-
Golden State Utility Co. Construction Company
-
Heutink USA Inc. Big Box & Wholesale Store
-
Nienhuis Montessori Department Store
-
Tout About Toys (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.10M
Blend (final)
Blend
$4.39M
Owner & transaction history
Luchessa 600 LLC · 6 yrs held
Luchessa 600 LLC
since 2019
7 recorded transactions
Zoning & alternative use
M2 · Gilroy, 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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,100,000
Current use
Blend value · Realmo final
$4.39M
Range $3.95M – $4.83M · ±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
$121 / 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
$62,292
Tax year 2024
Assessed value
$4,758,971
Assessed 2024
Previous assessed
$4,758,971
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,346,394
Assessed improvement
$3,412,577
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
36,278 SF
Lot
4.47 ac (194,713 SF)
Zoning code
M2
APN
841-15-084
UPID
US09-3690026
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2 · Gilroy, CA
Zoning M2 · permitted uses
M2 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$5.1M
INDUSTRIAL (GENERAL) Current
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
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
4.47 ac
Current owner
From public records · entity-resolved
Luchessa 600 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1054 CAROLYN AVE, SAN JOSE, CA 95125-4310
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2020
—
Luchessa 600 LLC
—
Deed
related
$3,140,857 · Heritage Bank Of Commerce
Dec 3, 2019
—
Luchessa 600 LLC
Bracken 2000 Family Trust Of
Grant Deed
—
Oct 3, 2002
—
Bracken,tr
Bracken,francis X & Mary A
Quit Claim Deed
related
—
Dec 22, 1999
—
Francis X Bracken
—
Grant Deed
related
$973,000 · Cupertino National Bank
Jun 25, 1999
—
F & W Investment Co Pst
Gilroy City (ca)
Quit Claim Deed
related
—
Jun 25, 1999
$877,000
Bracken,francis X & Mary A
F & W Investment Co Pst
Trustees Deed
$584,939 · Cupertino National Bank
May 24, 1989
$695,500
Robert Walker JR.
South Country De
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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