Individually Owned Property summary
AI-generated overview
Gilroy Gateway is a retail shopping center totaling approximately 150,000 square feet, located along US-101 with frontage on a high-traffic regional corridor and situated adjacent to Gilroy Premium Outlets. The center is anchored by Floor & Decor and is configured to support leasing and a mix of retail uses, including drive-thru pads of approximately 4,000 square feet, in-line mid-box and anchor spaces ranging from approximately 15,000 to 65,000 square feet, and an additional redevelopment parcel of approximately 1.5 acres. Hotel use is permitted on the redevelopment parcel, and the property is generally suited for QSR, service retail, junior anchor, destination retail, and hospitality uses.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
TILT-UP CONCRETE
Total area
125,597 SF
Lot
13.7 ac (596,772 SF)
Zoning code
C3
APN
841-69-037
UPID
US10-2972267
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Parts Store
-
Auto Repair Shop
-
Car Dealership
-
Storage Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.20M
Blend (final)
Blend
$21.18M
Owner & transaction history
since 2024
7 recorded transactions
Zoning & alternative use
C3 · Gilroy, CA
Zoning description
C3 SHOPPING CENTER COMMERCIAL DISTRICT § 30.15.10 Statement of intent. § 30.15.20 Permitted uses and conditional uses. § 30.15.30 Site and building requirements. § 30.15.10 Statement of intent. The intent of the C3 shopp…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$21.18M
Value range
$19.06M – $23.29M
±10% around blend
Estimated value / SF
$169 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$19.06M
blend $21.18M
$23.29M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
125,597 SF
Lot area
13.7 ac
Year built
1993
Stories
1
APN
841-69-037
Zoning
C3
Assessed value
$14,877,720
Annual tax
$191,958
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$23.20M
Range $20.80M – $62.80M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$21.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 59 sales
$315
-46%
Submarket 59 sales
$315
-46%
County 827 sales
$535
-68%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $169/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.88M
Move the market yield to see immediate price impact.
Value / SF
$118
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$937k
$18.75M
$13.39M
$10.41M
$1.04M
$20.83M
$14.88M
$11.57M
$1.15M
$22.91M
$16.37M
$12.73M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$191,958
Tax year 2024
Assessed value
$14,877,720
Assessed 2024
Previous assessed
$14,877,720
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$6,554,520
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
125,597 SF
Lot
13.7 ac (596,772 SF)
Zoning code
C3
APN
841-69-037
UPID
US10-2972267
Jurisdiction
SANTA CLARA
Zoning & alternative use
C3 · Gilroy, CAZoning C3 · permitted uses
C3 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
C3 SHOPPING CENTER COMMERCIAL DISTRICT § 30.15.10 Statement of intent. § 30.15.20 Permitted uses and conditional uses. § 30.15.30 Site and building requirements. § 30.15.10 Statement of intent. The intent of the C3 shopp…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
13.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
C3
COMMERCIAL
Jurisdiction
Gilroy, CA
Recorded code
C3
Official district
C3
Official district profile
What the municipal code says about C3
Zoning description
C3 SHOPPING CENTER COMMERCIAL DISTRICT § 30.15.10 Statement of intent. § 30.15.20 Permitted uses and conditional uses. § 30.15.30 Site and building requirements. § 30.15.10 Statement of intent. The intent of the C3 shopp…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3 in Gilroy, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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