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    7541-7543 Monterey St Gilroy, CA 95020

    Sponsored
    For Sale
    $2,800,000

    Commercial Property - GILROY, CA

    Property size:
    16,080 SF
    Lot size:
    0.24 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 7541-7543 Monterey St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C2 Downtown
    Interior features
    None
    Size
    16,080 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Other (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1900
    Roof type
    Other
    Architectural style
    Other

    Intero Real Estate Services, Inc. (866) 334-7356 [email protected]

    Listing agent Jeremy Daviner (408) 778-7474 License #01318144

    Listing date Dec 18, 2025

    MLS# ML82012027 Listing URL

    Copyright © 2025 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    GILROY Commercial Property with Redevelopment Potential

    Located in the Gourmet Alley project in Gilroy, this property offers enormous potential. Known as the Robinson building, it features 16,080 square feet of space on a 10,568 square foot lot. The property is situated just south of 4th Street in the Gourmet Alley designation, centered in the high-traffic downtown redevelopment area. The zoning is mixed-use Downtown C2-downtown historic District. The Robinson building has a historical designation. There is a courtyard in the rear over 3200 SF. The property is adjacent to Gourmet Alley, which includes benches, a walking area, and a gathering area. Many new restaurants and tap rooms surround this location, and it is adjacent to a public parking area. This property is under construction, and the current owner can finish the construction. The owner also offers a Build to Suit option. A temporary power pole is in place. The current owner has plans for a 4-story high-density or 45-unit hotel building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.570136
    Latitude
    37.009128

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    FAQs

    What type of property is this?
    Hotel - 16,080 SF property in high-traffic downtown redevelopment area.
    Where is this hotel located?
    The property is located at 7541-7543 Monterey St Gilroy, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - High-density development potential: Approved plans for a 4-story, 45-unit hotel or high-density residential building.; - Prime downtown location: Centered in a high-traffic downtown redevelopment area within the Gourmet Alley designation.; - Large lot size: Expansive 10,568 square foot lot with a 16,080 square foot building.
    (408) 710-3459
    Request Owner's contact information
    7541-7543 Monterey St Gilroy, CA 95020
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    Gilroy, CA 95020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7541-7543 Monterey St Gilroy, CA 95020
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