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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Office buildings
7888th Wren Avec Gilroy, CA 95020-4942
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1979257
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
WOOD
Total area
5,776 SF
Lot
0.59 ac (25,528 SF)
Zoning code
PO
APN
808-08-009
UPID
US09-1979257
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.58M
Owner & transaction history
Commons Wren · 22 yrs held
Commons Wren
since 2003
4 recorded transactions
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
$2.1M
+27.4%
Retail stores
$1.8M
+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
$1,610,000
Current use
WAREHOUSE, STORAGE
$2,055,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,815,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±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
$273 / 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
$15,534
Tax year 2024
Assessed value
$1,221,736
Assessed 2024
Previous assessed
$1,221,736
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$152,907
Assessed improvement
$1,068,829
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
1988
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
5,776 SF
Lot
0.59 ac (25,528 SF)
Zoning code
PO
APN
808-08-009
UPID
US09-1979257
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
$1.6M
WAREHOUSE, STORAGE
Est. value
$2.1M
RETAIL STORES
Est. value
$1.8M
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
1988
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Commons Wren
Individual
Mailing address
18640 SUTTER BLVD STE #300, MORGAN HILL, CA 95037-8110
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Dec 23, 2003
$264,000
Commons Wren
Brown,daniel O & Deborah K
Grant Deed
$550,000 · Heritage Bank Of South Valley
Jul 1, 1988
$249,500
Laniel&deb Brown
Commo
Grant Deed
$224,000 · Wren Commons
—
—
Wren Commons
—
Loan Modification
related
$550,000 · Heritage Bk/commerce
—
—
Brown D.
—
Deed Of Trust
related
$665,000 · Pacific Trust
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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