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Property profile & analytics
OFF-MARKET
Estimated value
$2,800,000
Day care centers
8985 Monterey Rd Gilroy, CA 95020-7205
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3462956
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1940
Construction
WOOD
Total area
8,063 SF
Lot
0.78 ac (33,976 SF)
Zoning code
R4
APN
790-14-091
UPID
US09-3462956
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
-
Tiny Tots Preschool & Daycare High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$2.80M
Owner & transaction history
Happy Hearts Gilroy · 2 yrs held
Happy Hearts Gilroy
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
R4 · 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
$2,800,000
ML approach
$2,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.80M
Range $2.52M – $3.08M · ±10% · vs last sale $2.80M (Jun 21 2024)
Last sale anchor
$2.80M
Jun 21 2024
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
$347 / 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
$23,243
Tax year 2024
Assessed value
$1,851,758
Assessed 2024
Previous assessed
$1,851,758
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$948,189
Assessed improvement
$903,569
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Total area
8,063 SF
Lot
0.78 ac (33,976 SF)
Zoning code
R4
APN
790-14-091
UPID
US09-3462956
Jurisdiction
SANTA CLARA
Zoning & alternative use
R4 · Gilroy, CA
Zoning R4 · permitted uses
R4 · 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.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Happy Hearts Gilroy
Individual
Mailing address
8985 MONTEREY RD, GILROY, CA 95020-7205
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2024
—
Happy Hearts Gilroy
Vamshideep Devershetty
Deed
related
$190,000 · Amador Leal
Jun 21, 2024
$2,800,000
Nv Realty LLC
Tiny Tots LLC
Grant Deed
$3,153,000 · Inbankshares Corp
Mar 15, 2018
—
Tiny Tots LLC
—
Deed
related
—
Mar 9, 2018
$1,660,000
Tiny Tots LLC
Bruce I Cobb
Grant Deed
$597,000 · The Mortgage Capital Development Corp
Sep 20, 2007
$1,800,000
Bruce I Cobb
Countryside Day Care Of Preschool
Grant Deed
$911,000 · Sterling Savings Bank
Jul 16, 1990
$838,000
Countryside Day
Greenwood,m.&l.
Grant Deed
$818,000 · Bank Of America
—
—
Countryside Day Care/preschool
—
Deed Of Trust
related
$1,781,800 · Heritage Bank Of Commerce
—
—
Countryside Day Care/preschool
—
Deed Of Trust
related
$792,000 · Heritage Bank Of Commerce
—
—
Countryside Day Care/preschool
—
Deed Of Trust
related
$850,000 · Zions First National Bank
—
—
Day C Countryside
—
Deed Of Trust
related
$50,000 · Heritage Bank Of Commerce
—
—
Michae Greenwood
—
Deed Of Trust
related
$600,000 · Sumitomo 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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