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Property profile & analytics
OFF-MARKET
Estimated value
$2,560,000
Retail space
7747 Monterey St Gilroy, CA 95020-5217
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2691775
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
TILT-UP CONCRETE
Total area
15,554 SF
Lot
0.67 ac (29,073 SF)
Zoning code
C2
APN
799-03-053
UPID
US09-2691775
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.56M
Owner & transaction history
3p Property Management LLC · 3 yrs held
3p Property Management LLC
since 2023
Last sale
$2.6M
5 recorded transactions
Zoning & alternative use
C2 · 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
$2,495,000
ML approach
$2,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.56M
Range $2.30M – $2.82M · ±10% · vs last sale $2.60M (Mar 29 2023)
Last sale anchor
$2.60M
Mar 29 2023
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
$165 / 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
$21,023
Tax year 2024
Assessed value
$1,683,000
Assessed 2024
Previous assessed
$1,683,000
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$744,600
Assessed improvement
$938,400
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
15,554 SF
Lot
0.67 ac (29,073 SF)
Zoning code
C2
APN
799-03-053
UPID
US09-2691775
Jurisdiction
SANTA CLARA
Zoning & alternative use
C2 · Gilroy, CA
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
3p Property Management LLC
Entity
Mailing address
7127 CAHEN DR, SAN JOSE, CA 95120-3308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2023
$2,600,000
3p Property Management LLC
Cheryl F Boomgaarden
Grant Deed
—
May 7, 1996
—
Boomgaarden Trust
Boomgaarden,dale E & Cheryl F
Quit Claim Deed
related
$460,000 · Wells Fargo Bank
Jan 18, 1994
—
Boomgaarden Trust
Boomgaarden,dale
Quit Claim Deed
related
—
Sep 22, 1988
—
Dale Boomgaarden
Kazanjian,j. Tru
Grant Deed
related
—
Aug 18, 1988
$510,000
Dale Boomgaarden
Kazanjian,j.
Grant Deed
$460,000 · Government Funding
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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