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Property profile & analytics
OFF-MARKET
Estimated value
$3,105,000
Industrial properties
7200 Alexander St Gilroy, CA 95020-6907
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0860038
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1956
Construction
WOOD
Total area
10,118 SF
Lot
0.31 ac (13,490 SF)
Zoning code
M2
APN
841-11-043
UPID
US09-0860038
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
-
C. L. Hann Industries,Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.09M
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.11M
Owner & transaction history
Bay Area Employment Development Com · 4 yrs held
Bay Area Employment Development Com
since 2021
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
M2 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$3.6M
+153.0%
Retail stores
$3.2M
+123.9%
Office building
$2.8M
+98.6%
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
$3,040,000
ML approach
$3,085,000
CAP Approach
CAP Return
Estimation
6%
$2,815,000
6.5%
$2,600,000
7%
$2,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,595,000
Change: +153% · Conversion: Easy
RETAIL STORES
$3,185,000
Change: +124% · Conversion: Moderate
OFFICE BUILDING
$2,825,000
Change: +99% · Conversion: Difficult
Blend value · Realmo final
$3.11M
Range $2.79M – $3.42M · ±10% · vs last sale $3.15M (Oct 4 2021)
Last sale anchor
$3.15M
Oct 4 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
$307 / 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
$21,306
Tax year 2024
Assessed value
$1,716,660
Assessed 2024
Previous assessed
$1,716,660
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$265,302
Assessed improvement
$1,451,358
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
1956
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
10,118 SF
Lot
0.31 ac (13,490 SF)
Zoning code
M2
APN
841-11-043
UPID
US09-0860038
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
WAREHOUSE, STORAGE
Est. value
$3.6M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE
RETAIL STORES
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
1956
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Bay Area Employment Development Com
Entity
Mailing address
355 LANDEROS DR, SANTA CLARA, CA 95051-6508
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
—
Bay Area Employment Development Com
1st Capital Bank
Agreement Of Sale
—
Oct 4, 2021
$3,150,000
The Hann Group LLC
Lloyd E Hennessy
Grant Deed
$1,575,000 · 1st Capital Bank
Oct 4, 2021
—
The Hann Group LLC
—
Deed
related
—
Mar 13, 2013
—
Shawn L Hennessy
Hennessy Family Trust
Quit Claim Deed
related
—
May 12, 1995
—
Mark E Kennedy
Mark E Kennedy Trustee
Quit Claim Deed
related
—
May 12, 1995
$4,500
Kennedy Family LP
Kennedy,michael
Trustees Deed
related
—
May 12, 1995
$314,000
Kennedy Family LP
Mark E Kennedy Trustee
Trustees Deed
related
—
May 12, 1995
$515,500
Kennedy Family LP
Mark E Kennedy Trustee
Trustees Deed
related
—
—
—
Hennessy,tr
—
Deed Of Trust
related
$96,500 · Wells Fargo 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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