Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$9,300,000
Office buildings
7880 Wren Ave Gilroy, CA 95020-4943
Individually Owned
17-yr Hold
Free & Clear
Property ID
US09-1643755
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
TILT-UP CONCRETE
Total area
39,228 SF
Lot
5.7 ac (248,292 SF)
Zoning code
PO
APN
808-08-005
UPID
US09-1643755
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
-
Gilroy Dental Associates Dental Office
-
South Valley Oral and Facial Surgery Dental Office
-
Gar N. Chan, DDS, Inc. Dental Office
-
Dr. Kinberly Antrim, DDS Dental Office
-
Dr. Jernell Escobar, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.69M
Blend (final)
Blend
$9.30M
Owner & transaction history
Gilroy Medical Park · 17 yrs held
Gilroy Medical Park
since 2009
1 recorded transaction
Zoning & alternative use
PO · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
.8.10 - § 30.8.50) Article IX RH RESIDENTIAL HILLSIDE DISTRICT (§ 30.9.10 - § 30.9.70) Article X ND NEIGHBORHOOD DISTRICT (§ 30.10.10 - § 30.10.50) Article XI RESIDENTIAL USE TABLES (§ 30.11.10 - § 30.11.20) Article XII PO PROFESSIONAL OFFICE DISTRICT (§ 30.12.10 - § 30.12.30) Article XIII C1 NEIGHBORHOOD COMMERCIAL DISTRICT (§ 30.13.10 - § 30.13.30) Article…
Zone name
Professional Office
General category
COMMERCIAL
Zone area
22.36 ac
Top alternative use upside
Warehouse, storage
$13.9M
+27.4%
Retail stores
$12.3M
+12.7%
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
OFFICE BUILDING
$10,945,000
Current use
WAREHOUSE, STORAGE
$13,945,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$12,340,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$9.30M
Range $8.37M – $10.23M · ±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
$237 / 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
$86,957
Tax year 2024
Assessed value
$6,666,710
Assessed 2024
Previous assessed
$6,666,710
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$903,518
Assessed improvement
$5,763,192
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
39,228 SF
Lot
5.7 ac (248,292 SF)
Zoning code
PO
APN
808-08-005
UPID
US09-1643755
Jurisdiction
SANTA CLARA
Zoning & alternative use
PO · Gilroy, CAZoning PO · permitted uses
PO · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
.8.10 - § 30.8.50) Article IX RH RESIDENTIAL HILLSIDE DISTRICT (§ 30.9.10 - § 30.9.70) Article X ND NEIGHBORHOOD DISTRICT (§ 30.10.10 - § 30.10.50) Article XI RESIDENTIAL USE TABLES (§ 30.11.10 - § 30.11.20) Article XII PO PROFESSIONAL OFFICE DISTRICT (§ 30.12.10 - § 30.12.30) Article XIII C1 NEIGHBORHOOD COMMERCIAL DISTRICT (§ 30.13.10 - § 30.13.30) Article XIV DOWNTOWN SPECIFIC PLAN DISTRICTS (§ 30.14.10 - § 30.14.64) Article XV C3 SHOP
Zone name
Professional Office
General category
COMMERCIAL
Zone area
22.36 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$10.9M
WAREHOUSE, STORAGE
Est. value
$13.9M
RETAIL STORES
Est. value
$12.3M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RETAIL STORES
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
5.7 ac
Current owner
From public records · entity-resolved
Gilroy Medical Park
Individual
Free & Clear · 17 yrs held
Mailing address
7880 WREN AVE STE E153, GILROY, CA 95020-7802
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2009
—
Gilroy Medical Park
Nelson D F & P I Living Trust
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7880 Wren Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
