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Property profile & analytics
OFF-MARKET
Office buildings
64 5th St Gilroy, CA 95020-5702
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-1521075
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1940
Construction
TILT-UP CONCRETE
Total area
1,750 SF
Lot
0.06 ac (2,700 SF)
Zoning code
C1
APN
799-07-044
UPID
US09-1521075
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
-
Shag Salon Hair Salon
-
itty bitty beauty boutique Alternative Medicine Practice Spa & Massage Center
-
Shag Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rodgers Ventures LLC · 14 yrs held
Rodgers Ventures LLC
since 2012
4 recorded transactions
Zoning & alternative use
C1 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighborhood commercial district is to provide areas in the city suitable for commercial uses of a low intensity and of a neighborhood character, wh…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
21.72 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,335
Tax year 2024
Assessed value
$418,672
Assessed 2024
Previous assessed
$418,672
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$135,450
Assessed improvement
$283,222
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
1,750 SF
Lot
0.06 ac (2,700 SF)
Zoning code
C1
APN
799-07-044
UPID
US09-1521075
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1 · Gilroy, CAZoning C1 · permitted uses
C1 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighborhood commercial district is to provide areas in the city suitable for commercial uses of a low intensity and of a neighborhood character, which cater directly to residents of the immediate neighborhood only, rather than to the entire city. The uses in this district are intended to be of low intensity in order to be compatible with residential living. Ample landscaping and creative design are encouraged in the C1 neighborhood commercial district. The following regulations, except to the extent that they may be modified by a combining district, shall apply to every lot and building in a C1 neighborhood commercial district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 )
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
21.72 ac
Building & site characteristics
From public records
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Rodgers Ventures LLC
Entity
Mailing address
64 5TH ST, GILROY, CA 95020-5702
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
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
Jun 19, 2012
$340,000
Rodgers Ventures LLC
Fritter,cortley C
Grant Deed
—
Mar 7, 1995
$209,000
Fritter,cortley C
Herdman,frank K
Trustees Deed
$104,000 · Wells Fargo Bank
Mar 7, 1995
—
Cortley C Fritter
Fritter,madeline
Quit Claim Deed
related
—
Nov 20, 1989
$165,000
Frank Herdman JR.
Equity Preservat
Grant Deed
$118,000 · Pacific Western National Bank
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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