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Property profile & analytics
FOR LEASE
Life science properties
755 Jarvis Dr Morgan Hill, CA 95037
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-3840446
For Lease
1 / 5
$19,045,000
755 Jarvis Dr, Morgan Hill, CA 95037
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1997
Construction
CONCRETE
Total area
257,296 SF
Lot
14.71 ac (640,767 SF)
Zoning code
M
APN
726-30-014
UPID
US09-3840446
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
-
Secure Shredding Service Morgan Hill Recycling Center Waste Management Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.05M
Owner & transaction history
Mershop Jarvis 1 LLC
Mershop Jarvis 1 LLC
since 2025
4 recorded transactions
Zoning & alternative use
M · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$74 / 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
$542,559
Tax year 2024
Assessed value
$46,818,000
Assessed 2024
Previous assessed
$46,818,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$10,664,100
Assessed improvement
$36,153,900
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
257,296 SF
Lot
14.71 ac (640,767 SF)
Zoning code
M
APN
726-30-014
UPID
US09-3840446
Jurisdiction
SANTA CLARA
Zoning & alternative use
M · Morgan Hill, CA
Zoning M · permitted uses
M · 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.
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
14.71 ac
Current owner
From public records · entity-resolved
Mershop Jarvis 1 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
44 MONTGOMERY ST STE #1910, SAN FRANCISCO, CA 94104-4706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 25, 2025
—
Mershop Jarvis 1 LLC
Bridge Group Investments LLC
Grant Deed
—
Apr 11, 2025
$22,000,000
Mershops Office San Fran LLC
83r Jmh Owner LLC
Grant Deed
—
Jun 29, 2022
$45,000,000
83r Jmh Owner LLC
Bridge Group Investments LLC
Grant Deed
$39,531,933 · Wells Fargo Bank NA
Nov 7, 2019
—
Bridge Group Investments LLC
—
Grant Deed
related
$35,000,000 · Bank Of The West
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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