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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Warehouses
8120 Monterey Rd, Morgan Hill, CA 95037
Trust Owned
Free & Clear
Property ID
US09-2018185
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
1959
Total area
1,161 SF
Lot
0.27 ac (11,656 SF)
Zoning code
A-20A
APN
725-14-026
UPID
US09-2018185
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
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$425k
Blend (final)
Blend
$680k
Owner & transaction history
Darrell R Alton Trust
Darrell R Alton Trust
since 2026
Last sale
$640,000
7 recorded transactions
Zoning & alternative use
A-20A · Morgan Hill, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$690,000
+67.0%
Retail stores
$575,000
+39.9%
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 Morgan Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morgan Hill 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
$725,000
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$415,000
Current use
OFFICE BUILDING
$690,000
Change: +67% · Conversion: Difficult
RETAIL STORES
$575,000
Change: +40% · Conversion: Moderate
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $640k (Jan 13 2020)
Last sale anchor
$640k
Jan 13 2020
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
$586 / 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
$2,524
Tax year 2024
Assessed value
$194,408
Assessed 2024
Previous assessed
$194,408
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$164,955
Assessed improvement
$29,453
Applied tax rate
87.0000
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
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
1959
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
1,161 SF
Lot
0.27 ac (11,656 SF)
Zoning code
A-20A
APN
725-14-026
UPID
US09-2018185
Jurisdiction
SANTA CLARA
Zoning & alternative use
A-20A · Morgan Hill, CA
Zoning A-20A · permitted uses
A-20A · Morgan Hill, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morgan Hill. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$415,000
OFFICE BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$575,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1959
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Darrell R Alton Trust
Trust
Free & Clear · 0 yrs held
Mailing address
PO BOX 13096, COYOTE, CA 95013-3096
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2026
—
Darrell R Alton Trust
Darrell Alton
Grant Deed
related
—
Jan 13, 2020
$151,000
Darren Alton
Norma J Baker
Quit Claim Deed
related
—
Jun 5, 2015
—
Anita Dubner
Dubner Joseph H
Quit Claim Deed
related
—
Jun 5, 2015
$640,000
Darrell R Alton
Stephen Klesitz
Grant Deed
$410,000 · Wells Fargo Bank NA
Jun 5, 2007
—
Klesitz Living Trust
Klesitz,eric
Quit Claim Deed
related
—
Oct 1, 2003
—
Reinhold Klesitz
Klesitz,tr
Quit Claim Deed
related
—
Dec 10, 2002
—
R Klestiz
Klesitz,tr
Quit Claim Deed
related
—
Feb 25, 1998
—
Reinhold Klesitz
Klesitz Trust
Quit Claim Deed
related
—
Apr 14, 1994
—
Reinhold Klesitz
Klesitz Trust
Quit Claim Deed
related
—
Apr 12, 1994
—
Reinhold Klesitz
Klesitz 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.
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