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Property profile & analytics
OFF-MARKET
Estimated value
$6,965,000
Strip malls
8017 Wayland Ln, Gilroy, CA 95020-4122
Entity Owned
12-yr Hold
Free & Clear
Property ID
US09-2536285
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1978
Total area
54,612 SF
Lot
5.16 ac (224,769 SF)
Zoning code
GI
APN
790-23-052
UPID
US09-2536285
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
-
Town Plaza Barber Shop
-
Town Barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.20M
Blend (final)
Blend
$6.97M
Owner & transaction history
Ow Family-gilroy Town Plz LLC · 12 yrs held
Ow Family-gilroy Town Plz LLC
since 2014
6 recorded transactions
Zoning & alternative use
GI · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.97M
Range $6.27M – $7.66M · ±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
$128 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$9,779,565
Assessed 2023
Previous assessed
$9,587,810
+2.0% YoY
Assessed land
$3,970,739
Assessed improvement
$5,808,826
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
NONE
Stories
1
Total area
54,612 SF
Lot
5.16 ac (224,769 SF)
Zoning code
GI
APN
790-23-052
UPID
US09-2536285
Jurisdiction
SANTA CLARA
Zoning & alternative use
GI · Gilroy, CA
Zoning GI · permitted uses
GI · 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
1978
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.16 ac
Current owner
From public records · entity-resolved
Ow Family-gilroy Town Plz LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1601 41ST AVE STE #202, CAPITOLA, CA 95010-2911
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2014
$8,300,000
Ow Family-gilroy Town Plz LLC
Jv Investments Town Plaza LLC
Grant Deed
—
Jun 17, 2011
$6,200,000
Jv Investments Town Plaza LLC
Gagliardi Properties INC
Grant Deed
$3,500,000 · Heritage Bank Of Commerce
Aug 13, 1999
—
Gagliardi Properties INC
—
Grant Deed
related
$1,000,000 · Heritage Bank Of Commerce
Mar 2, 1994
$3,300,000
Properties Gagliardi
Gagliardi Bros
Grant Deed
related
—
—
—
Ow Family-gilroy Town Plaza Ll
—
Deed Of Trust
related
$5,075,000 · Symetra Life Insurance Co
—
—
Gagliardi Properties INC
—
Deed Of Trust
related
$500,000 · Cupertino National Bancorp
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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