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Property profile & analytics
OFF-MARKET
Estimated value
$1,810,000
Retail space
8440 Murray Ave Gilroy, CA 95020-3636
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1337678
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Construction
WOOD
Total area
8,227 SF
Lot
0.85 ac (37,026 SF)
Zoning code
HC
APN
835-04-004
UPID
US09-1337678
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
-
Birrieria Coalcoman Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.76M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Lorena Gonzalez · 2 yrs held
Lorena Gonzalez
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
HC · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.9M
+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
$1,775,000
ML approach
$1,755,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,590,000
Current use
WAREHOUSE, STORAGE
$2,925,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$2,295,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$1.81M
Range $1.63M – $1.99M · ±10% · vs last sale $1.85M (Aug 24 2023)
Last sale anchor
$1.85M
Aug 24 2023
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
$220 / 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
$21,120
Tax year 2024
Assessed value
$1,671,402
Assessed 2024
Previous assessed
$1,671,402
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$981,617
Assessed improvement
$689,785
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
1991
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
8,227 SF
Lot
0.85 ac (37,026 SF)
Zoning code
HC
APN
835-04-004
UPID
US09-1337678
Jurisdiction
SANTA CLARA
Zoning & alternative use
HC · Gilroy, CA
Zoning HC · permitted uses
HC · 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
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.3M
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
1991
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Lorena Gonzalez
Individual
Mailing address
1201 SHORTRIDGE AVE, SAN JOSE, CA 95116-2348
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 24, 2023
—
Lorena Gonzalez
Lorena Gonzalez
Intrafamily Transfer
related
—
Jul 14, 2023
—
Luis Manuel Yepez
Luis Manuel Yepez
Intrafamily Transfer
related
—
Apr 13, 2023
—
Luis Manuel Yepez
Luis Manuel Yepez
Intrafamily Transfer
related
—
Oct 29, 2020
$1,850,000
Lorena Gonzalez
Yongqi Wang
Grant Deed
—
Oct 29, 2020
—
Lorena Gonzalez
Fernando R Gonzalez
Quit Claim Deed
related
—
May 2, 2017
$2,690,500
Yongqi Wang
Leavesley Ocean Inn Vestors
Grant Deed
$1,345,000 · First Republic Bank
Aug 10, 2016
—
Leavesley Ocean Inn-vestors
—
Deed
related
$500,000 · Bank Of The West
Feb 28, 1997
$300,000
Leavesley Ocean Inn-vestors
Leavesley Investors
Grant Deed
related
$5,120,000 · Bank Of The West
—
—
Leavesley Ocean Inn-vestors
—
Deed Of Trust
related
$500,000 · Bank Of The West
—
—
Leavesley Ocean Inn-vestors
—
Deed Of Trust
related
$3,394,000 · 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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