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Property profile & analytics
OFF-MARKET
Estimated value
$8,985,000
Retail space
8292 Murray Ave Gilroy, CA 95020-4601
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2939200
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
26,264 SF
Lot
1.51 ac (65,775 SF)
Zoning code
CM
APN
841-59-018
UPID
US09-2939200
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
-
Days Inn by Wyndham Gilroy Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.92M
Comparable Approach
Comparable
$11.78M
Blend (final)
Blend
$8.99M
Owner & transaction history
Healthright360 INC
Healthright360 INC
since 2026
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
CM · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.3M
+13.0%
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%
$11,825,000
6.5%
$10,915,000
7%
$10,135,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,260,000
Current use
WAREHOUSE, STORAGE
$9,335,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$7,330,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$8.99M
Range $8.09M – $9.88M · ±10% · vs last sale $8.95M (Feb 27 2026)
Last sale anchor
$8.95M
Feb 27 2026
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
$342 / 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
$93,526
Tax year 2024
Assessed value
$7,551,016
Assessed 2024
Previous assessed
$7,551,016
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,046,801
Assessed improvement
$6,504,215
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
NONE
Cooling
YES
Stories
2
Units
65
Total area
26,264 SF
Lot
1.51 ac (65,775 SF)
Zoning code
CM
APN
841-59-018
UPID
US09-2939200
Jurisdiction
SANTA CLARA
Zoning & alternative use
CM · Gilroy, CA
Zoning CM · permitted uses
CM · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$8.3M
WAREHOUSE, STORAGE
Est. value
$9.3M
OFFICE BUILDING
Est. value
$7.3M
RETAIL STORES Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1984
Heating
NONE
Cooling
Yes
Stories
2
Units
65
Lot
1.51 ac
Current owner
From public records · entity-resolved
Healthright360 INC
Entity
Mailing address
8430 MURRAY AVE, GILROY, CA 95020-3636
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2026
$8,950,000
Healthright360 INC
Parvati Hospitality INC
Grant Deed
$21,494,714 · Department Of Health Care Services
Mar 30, 2017
$6,775,000
Parvati Hospitality INC
Natwarlal M Panchal
Grant Deed
$5,000,000 · Pinnacle Bank
May 3, 2016
—
Panchal,n M & G N Living Trust
—
Deed
related
$1,600,000 · Bank Of The West
May 25, 2007
—
Panchal N M & G N Living Trust
Panchal,natwarial M & Gita N
Quit Claim Deed
related
$2,100,000 · Pan Pacific Bank
Jan 26, 1999
—
Natwarlal M Panchal
Panchal Trust
Quit Claim Deed
related
$2,000,000 · Saratoga National Bank
May 17, 1996
$500
Panchal Trust
Panchal,bharat M & Vibha B
Grant Deed
related
—
Sep 1, 1993
—
Natwarlal&gita,panchal Trust
Panchal,n./panch
Quit Claim Deed
related
—
Jul 1, 1992
$2,550,000
Natwarlal Panchal
Aspromonte Enter
Grant Deed
$2,150,000 · Aspromonte Enterprises INC
—
—
Panchal,n M & G N Living Trust
—
Deed Of Trust
related
$1,600,000 · Bank Of The West
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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