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Property profile & analytics
OFF-MARKET
Estimated value
$21,440,000
Warehouses
8900 Murray Ave Gilroy, CA 95020-3616
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2355170
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
103,878 SF
Lot
4.48 ac (195,148 SF)
Zoning code
M1
APN
835-04-069
UPID
US09-2355170
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.44M
Owner & transaction history
Ess Properties 151 LLC · 3 yrs held
Ess Properties 151 LLC
since 2022
7 recorded transactions
Zoning & alternative use
M1 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$32,680,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$21.44M
Range $19.30M – $23.58M · ±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
$206 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$13,888,290
Assessed 2023
Previous assessed
$11,155,187
+24.5% YoY
Assessed land
$1,706,742
Assessed improvement
$12,181,548
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
NONE
Stories
1
Units
720
Total area
103,878 SF
Lot
4.48 ac (195,148 SF)
Zoning code
M1
APN
835-04-069
UPID
US09-2355170
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Gilroy, CA
Zoning M1 · permitted uses
M1 · 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
Est. value
$32.7M
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
1999
Heating
NONE
Cooling
Yes
Stories
1
Units
720
Lot
4.48 ac
Current owner
From public records · entity-resolved
Ess Properties 151 LLC
Entity
Mailing address
PO BOX 71870, SALT LAKE CITY, UT 84171-0870
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Ess Properties 151 LLC
Ess Properties 114 LLC
Intrafamily Transfer
related
—
Oct 20, 2015
—
Ess Properties 114 LLC
Ssti 8900 Murray Ave LLC
Grant Deed
$300,000,000 · Wells Fargo Bank NA
Jan 3, 2012
—
Ssti 8900 Murray Ave LLC
—
Deed Of Trust
related
$40,000,000 · Key Bank NA
Aug 16, 2011
$6,560,000
Ssti 8900 Murray Ave LLC
Apf Wo 8 LLP
Grant Deed
$22,000,000 · Key Bank NA
Oct 24, 2006
—
Wo 8 Apf
Murray Avenue Self Storage LLC
Grant Deed
$3,750,000 · Lasalle National Bank
Sep 7, 2001
—
Murray Avenue Self Storage LLC
Murray Avenue Partnership
Quit Claim Deed
related
$3,750,000 · General Electric Capital Corp
Dec 31, 1997
—
Murray Avenue Partnership
Montano,alfred & Lydia R
Grant Deed
related
$2,750,000 · South Valley National Bank
May 2, 1997
—
Alfred Montano
Kishimura Bros Ptshp
Quit Claim Deed
related
—
—
—
Alfred Montano
—
Deed Of Trust
related
$300,000 · Individual
—
—
Ssti 8900 Murray Ave LLC
—
Deed Of Trust
related
$31,000,000 · Key Bank NA
—
—
Alfred Montano
—
Deed Of Trust
related
$225,000 · South Valley Bank
—
—
Alfred Montano
—
Deed Of Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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