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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Office buildings
8921 Murray Ave Gilroy, CA 95020-3633
Entity Owned
~
Est. High Equity
Property ID
US09-1776907
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
4,298 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M1
APN
835-02-025
UPID
US09-1776907
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
-
Top Hobby Electronics & Wireless Store
-
Superior Service Cooling & Heating HVAC Service General Contractor
-
G.B. Group Construction & Painting Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$895k
Blend (final)
Blend
$1.24M
Owner & transaction history
Jci Rental Properties LLC
Jci Rental Properties LLC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
M1 · Gilroy, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the M1 limited industrial district is to designate industrial areas in the city that are appropriate to locate in close proximity to residential and commercial zones. The M1 limited industrial district is suitable for small-scale light manufacturing and industrial park uses with low noise and traffic levels, not generally frequented by retail u…
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
272.69 ac
Top alternative use upside
Warehouse, storage
$1.5M
+27.4%
Retail stores
$1.4M
+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
$1,210,000
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,200,000
Current use
WAREHOUSE, STORAGE
$1,530,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,350,000
Change: +13% · Conversion: Moderate
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.27M (Jul 29 2025)
Last sale anchor
$1.27M
Jul 29 2025
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
$289 / 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
$532,231
Assessed 2023
Previous assessed
$532,231
+0.0% YoY
Assessed land
$234,806
Assessed improvement
$297,425
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
1984
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
3
Units
1
Total area
4,298 SF
Lot
0.5 ac (21,780 SF)
Zoning code
M1
APN
835-02-025
UPID
US09-1776907
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Gilroy, CAZoning M1 · permitted uses
M1 · Gilroy, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the M1 limited industrial district is to designate industrial areas in the city that are appropriate to locate in close proximity to residential and commercial zones. The M1 limited industrial district is suitable for small-scale light manufacturing and industrial park uses with low noise and traffic levels, not generally frequented by retail users. The following regulations, except to the extent that they may be modified by a combining district, shall apply to every lot and building in an M1 limited industrial district. ( Ord. No. 2013-08 , § 2 (Exh. A), 8-5-2013 )
Zone name
Limited Industrial
General category
INDUSTRIAL
Zone area
272.69 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.4M
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
1984
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
3
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Jci Rental Properties LLC
Entity
Mailing address
2975 BANNISTER AVE, GILROY, CA 95020-9191
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
—
Jci Rental Properties LLC
—
Deed
related
$524,000 · Capital Access Group INC
Oct 29, 2025
$1,265,000
Jci Rental Properties LLC
John J Mauro JR
Grant Deed
$632,500 · Bank Of America NA
Sep 17, 2025
—
John Mauro
—
Deed
related
$5,000,000 · Sofia Fedotova
Oct 3, 2023
$1,200,000
John J Mauro JR
Gregory D Brown
Grant Deed
—
Oct 3, 2023
—
John J Mauro JR
Sofia S Fedotova
Intrafamily Transfer
related
—
Jul 3, 1997
—
Brown Trust
Brown,gregory D & Regan L
Quit Claim Deed
related
—
Nov 27, 1996
$340,000
Gregory D Brown
Repetto Trust
Grant Deed
$285,000 · South Valley Bank
Feb 6, 1995
$280,000
Negrete,laurel
Wilkins,sandra A
Trustees Deed
$67,417 · Individual
Dec 30, 1988
$320,000
Sandra Wilkins
Bergis Partnersh
Grant Deed
—
—
—
Brown,g D & R L Family Trust
—
Deed Of Trust
related
$2,000,000 · Pinnacle Bank
—
—
Brown Trust
—
Deed Of Trust
related
$279,236 · Heritage Bank Of Commerce
—
—
Brown,g D & R L Family Trust
—
Deed Of Trust
related
$235,000 · Pinnacle Bank
—
—
Greg Brown
—
Deed Of Trust
related
—
—
—
Bergis Partnersh
—
Deed Of Trust
related
$205,000 · South Valley 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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