NNN Commercial
For Sale
Contact for pricing
10 San Bruno Avenue, Morgan Hill, CA 95037
Commercial asset offered with a net lease structure.
Property Size12,000 SF
Price / SF$282.92
Days on Market64
Property Features for 10 San Bruno Avenue
General Information
Standard status
Active
Size
12,000 SF
Property subtype
Retail, Industrial
Occupancy
100%
Lease Type
NNN
Net Operating Income
$264,315
Additional Details
Cap Rate
7.79%
Building Details
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Belall Ahmed · License #02135621
Source:
Crexi
Added: Aug 5
Changed: Sep 22
Last Checked: Oct 5 at 6:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This 12,000-square-foot commercial property is structured as an NNN net lease asset and is associated with a 7.79% cap rate. The source information identifies the lease as institutionally backed.
The property is located at 10 San Bruno Avenue in Morgan Hill, California, within ZIP code 95037.
The property is located at 10 San Bruno Avenue in Morgan Hill, California, within ZIP code 95037.
Key Highlights
- 12,000‑square‑foot commercial property
- 7.79% cap rate
- NNN net lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,293
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,005,860
$4.0M
Cap Rate 7%
$2,861,329
$2.9M
Cap Rate 9%
$2,225,478
$2.2M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$309.6K $25.80/SF
− Vacancy
−$23.5K −$1.96/SF
EGI
$286.1K $23.84/SF
− OpEx
−$85.8K −$7.15/SF
NOI
$200.3K $16.69/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,005,860
Cap Rate 7%
$2,861,329
Cap Rate 9%
$2,225,478
Alternative Uses
Best Use
Industrial
$2.86M
$2.50M – $3.34M
NOI $200,293 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.24M
$6.34M – $8.45M
NOI $507,121 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Explore this area
Business Placement
Demographics for 95037, CA
53,126
Population
17,185
Households
3.1
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
120.1 sq mi
ZIP Area
442
Density / Sq Mi
$158,256
Median Household Income
$71,130
Median Earnings
$2,242
Median Rent
$1,152,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Commercial asset offered with a net lease structure.
Where is this nnn property located?
The property is located at 10 San Bruno Avenue Morgan Hill, CA.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: 12,000‑square‑foot commercial property; 7.79% cap rate; NNN net lease structure
