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Property profile & analytics
OFF-MARKET
Estimated value
$8,230,000
Warehouses
Luchessa Ave Gilroy, CA 95020
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-4928724
Property profile
Verified
Property type
Warehouses
Use group
STORAGE YARD, OPEN STORAGE
Year built
2002
Construction
WOOD FRAME
Total area
1,248 SF
Lot
10.23 ac (445,618 SF)
Zoning code
M2
APN
841-73-005
UPID
US09-4928724
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
$7.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.23M
Owner & transaction history
Berry Jamieson LLC · 3 yrs held
Berry Jamieson LLC
since 2023
Last sale
$8.5M
4 recorded transactions
Zoning & alternative use
M2 · 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
$8,230,000
ML approach
$7,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.23M
Range $7.41M – $9.05M · ±10% · vs last sale $8.50M (May 25 2023)
Last sale anchor
$8.50M
May 25 2023
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
$6,595 / 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
$108,972
Tax year 2024
Assessed value
$8,670,000
Assessed 2024
Previous assessed
$8,670,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$8,619,000
Assessed improvement
$51,000
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
STORAGE YARD, OPEN STORAGE
Status
Off-Market
Year built
2002
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Total area
1,248 SF
Lot
10.23 ac (445,618 SF)
Zoning code
M2
APN
841-73-005
UPID
US09-4928724
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2 · Gilroy, CA
Zoning M2 · permitted uses
M2 · 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
2002
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Lot
10.23 ac
Current owner
From public records · entity-resolved
Berry Jamieson LLC
Entity
Free & Clear · 3 yrs held
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2023
—
Berry Jamieson LLC
—
Deed
related
$8,750,000 · Berry Alexander Street LLC
Jun 15, 2023
—
Berry Jamieson LLC
—
Deed
related
$8,750,000 · Pinnacle Bank
May 25, 2023
$8,500,000
Berry Jamieson LLC
Rmc Pacific Materials LLC
Grant Deed
—
May 11, 2000
—
Lonestar California INC
Concrete Service Co
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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