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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
8833 Monterey Rd Ste H Gilroy, CA 95020-7200
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3783018
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
1,379 SF
Lot
0.11 ac (4,864 SF)
Zoning code
C1
APN
790-27-068
UPID
US09-3783018
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
-
PMU CLINIC Medical Clinic Skin Care Clinic
-
Binh P. Pham DDS, Inc. Dental Office
-
PostNet (Bike/Boat/Book/etc) Store Printing Service
-
UPS Authorized Shipping Outlet Courier Service Postal Service
-
Charlene My-Hien Tran Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$515k
Owner & transaction history
Justinian Investment LLC · 4 yrs held
Justinian Investment LLC
since 2022
Last sale
$490,000
1 recorded transaction
Zoning & alternative use
C1 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighborhood commercial district is to provide areas in the city suitable for commercial uses of a low intensity and of a neighborhood character, wh…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
21.72 ac
Top alternative use upside
Warehouse, storage
$490,000
+27.4%
Retail stores
$435,000
+12.7%
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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$385,000
Current use
WAREHOUSE, STORAGE
$490,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$435,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $490k (Mar 9 2022)
Last sale anchor
$490k
Mar 9 2022
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
$373 / 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
$6,462
Tax year 2024
Assessed value
$509,796
Assessed 2024
Previous assessed
$509,796
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$275,706
Assessed improvement
$234,090
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Units
10
Total area
1,379 SF
Lot
0.11 ac (4,864 SF)
Zoning code
C1
APN
790-27-068
UPID
US09-3783018
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1 · Gilroy, CAZoning C1 · permitted uses
C1 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C1 NEIGHBORHOOD COMMERCIAL DISTRICT § 30.13.10 Statement of intent. § 30.13.20 Permitted uses and conditional uses. § 30.13.30 Site and building requirements. § 30.13.10 Statement of intent. The intent of the C1 neighborhood commercial district is to provide areas in the city suitable for commercial uses of a low intensity and of a neighborhood character, which cater directly to residents of the immediate neighborhood only, rather than to the entire city. The uses in this district are intended to be of low intensity in order to be compatible with residential living. Ample landscaping and creative design are encouraged in the C1 neighborhood commercial district. The following regulations, except to the extent that they may be modified by a combining district, shall apply to every lot and building in a C1 neighborhood commercial district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 )
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
21.72 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$385,000
WAREHOUSE, STORAGE
Est. value
$490,000
RETAIL STORES
Est. value
$435,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
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
1979
Heating
NONE
Stories
1
Units
10
Lot
0.11 ac
Current owner
From public records · entity-resolved
Justinian Investment LLC
Entity
Mailing address
4945 PALEMETTO DUNES CT, SAN JOSE, CA 95138-2131
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2022
$490,000
Justinian Investment LLC
Kevin D Stuart
Grant Deed
$230,000 · Heritage Bank Of Commerce
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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