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Property profile & analytics
OFF-MARKET
Estimated value
$3,815,000
Retail space
8787 Monterey St Gilroy, CA 95020-3625
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-1192359
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
WOOD
Total area
17,200 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C2
APN
790-27-023
UPID
US09-1192359
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.82M
Owner & transaction history
Rkd Property Group LLC · 3 yrs held
Rkd Property Group LLC
since 2022
7 recorded transactions
Zoning & alternative use
C2 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$6.1M
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$5,410,000
Current use
WAREHOUSE, STORAGE
$6,115,000
Change: +13% · Conversion: Difficult
OFFICE BUILDING
$4,800,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$3.82M
Range $3.43M – $4.20M · ±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
$222 / 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
$44,743
Tax year 2024
Assessed value
$3,555,187
Assessed 2024
Previous assessed
$3,555,187
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,391,009
Assessed improvement
$1,164,178
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
1977
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
17,200 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C2
APN
790-27-023
UPID
US09-1192359
Jurisdiction
SANTA CLARA
Zoning & alternative use
C2 · Gilroy, CA
Zoning C2 · permitted uses
C2 · 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
$5.4M
WAREHOUSE, STORAGE
Est. value
$6.1M
OFFICE BUILDING
Est. value
$4.8M
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
1977
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.65 ac
Current owner
From public records · entity-resolved
Rkd Property Group LLC
Entity
Mailing address
8787 MONTEREY ST, GILROY, CA 95020-3625
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
22 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2022
—
Rkd Property Group LLC
Ryan Dinsmore
Grant Deed
$1,537,000 · Bay Area Employment Development Com
May 9, 2022
—
Ryan Dinsmore
—
Deed
related
$264,600 · Pinnacle Bank
Apr 5, 2021
—
Ryan Dinsmore
Ryan Dinsmore
Intrafamily Transfer
related
—
Sep 18, 2020
—
Ryan Dinsmore
—
Deed
related
$1,408,600 · Cogent Bank
May 18, 2020
$2,360,000
Ryan Dinsmore
Allen Lew
Grant Deed
—
May 18, 2020
—
Ryan Dinsmore
Kristin Dinsmore
Intrafamily Transfer
related
$1,867,500 · Cogent Bank
Aug 21, 2019
—
Allen Lew
—
Deed
related
$950,000 · Richard W Greenberg Psp (ct)
May 15, 2015
$500,000
Allen Lew
Maxwell B Ho
Grant Deed
—
May 15, 2015
—
Allen Lew
Lew Sandy
Quit Claim Deed
related
—
Jun 19, 2012
$599,750
Maxwell B Ho
U S Bank National Association
Grant Deed
—
Oct 6, 2010
$961,000
Lehman Brothers Small 2007-1
Fidelity Natl Title Co
Trustees Deed
related
—
Nov 8, 2006
—
Silacci Donald W & C R Trust
Silacci,donald & Carol R
Quit Claim Deed
related
$750,000 · Lewis Associates
Apr 29, 2005
—
Donald Silacci
Silacci D W & C R Trust
Quit Claim Deed
related
$650,000 · Saunders Co
Nov 3, 2004
—
Donna Silacci
Morse,donna S
Grant Deed
related
$170,000 · M Lewis INC
Feb 11, 2002
—
Silacci Trust
Silacci,donald & Carol
Quit Claim Deed
related
—
Sep 23, 1998
—
Donald Silacci
Silacci,donald & Carol
Quit Claim Deed
related
$1,070,000 · Sonoma National Bank
Oct 20, 1994
—
Christine S Bianchi
Bianchi,robert
Quit Claim Deed
related
—
Oct 20, 1994
$1,182,000
Silacci,donald & Carol
Marx Trust
Trustees Deed
—
Nov 4, 1993
—
Harry&judith,marx Trust
Marx,harry
Quit Claim Deed
related
—
—
—
Harry Marx
—
Deed Of Trust
related
$600,000 · Gmac Mortgage Corp
—
—
Allen Lew
—
Deed Of Trust
related
$950,000 · Richard W Greenberg Psp (ct)
—
—
Donald Silacci
—
Deed Of Trust
related
$500,000 · Imperial Bank
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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