Downtown Corner
For Sale
$1,295,000
101 West Main Avenue, Morgan Hill, CA 95037
Corner-lot retail building with rear parking and city water and sewer service.
Property Size3,840 SF
Lot Size0.21 Acres
Price / SF$337.24
Days on Market47
Property Features for 101 West Main Avenue
General Information
Standard status
Active
Size
3,840 SF
Lot size
0.21 Acres
Property subtype
Retail
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Building Details
Year Built
1964
Buildings
1
Listing Agency:
CBRE | San Jose
Listed By:
Marie Anderson · License #00919144
(408) 221-2717
Source:
Cbre
Added: Sep 6
Changed: Oct 14
Last Checked: Oct 20 at 7:05PM
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 CBRE | San Jose
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property includes a 3,840 SF retail/commercial building constructed in 1964 on an approximately 9,300 SF parcel. The site features corner positioning, rear parking, and storefront exposure suited to a visible downtown setting. Water, sewer, and G&E service are provided through the City of Morgan Hill utilities division.
The property is located in downtown Morgan Hill and sits along the route of the annual Fourth of July parade. Its existing building and parcel configuration support continued retail use or an owner-user occupancy, subject to applicable approvals and requirements.
The property is located in downtown Morgan Hill and sits along the route of the annual Fourth of July parade. Its existing building and parcel configuration support continued retail use or an owner-user occupancy, subject to applicable approvals and requirements.
Key Highlights
- 3,840 SF retail/commercial building
- Approximately 9,300 SF parcel
- Corner‑lot position with rear parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,724
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,074,480
$2.1M
Cap Rate 7%
$1,481,771
$1.5M
Cap Rate 9%
$1,152,489
$1.2M
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$155.3K $40.44/SF
− Vacancy
−$7.1K −$1.85/SF
EGI
$148.2K $38.59/SF
− OpEx
−$44.5K −$11.58/SF
NOI
$103.7K $27.01/SF
Area
Santa Clara County, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,074,480
Cap Rate 7%
$1,481,771
Cap Rate 9%
$1,152,489
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,724 @ 7.0% cap · market cap 8.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.70M
NOI $162,279 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,307
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Apparel 10%
Dining 8%
Beauty & Spa 3%
Dollar Tree
Shops & Services
17,765 visits/mo
0.5 miles
Wells Fargo
Shops & Services
11,532 visits/mo
0.2 miles
Chase Bank
Shops & Services
9,775 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,461 visits/mo
0.2 miles
Goodwill
Apparel
6,209 visits/mo
0.3 miles
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 Retail in West region
Similar Off Market Nearby
- Hill Florist & Flower Delivery Morgan Hill CA — 120 W 3rd St, Morgan Hill, CA 95037
- Flower Cottage of Morgan Hill — 35 E 1st St Suite C, Morgan Hill, CA 95037
Frequently Asked Questions
What type of property is this?
Storefront property - Corner-lot retail building with rear parking and city water and sewer service.
Where is this storefront property located?
The property is located at 101 West Main Avenue Morgan Hill, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,840 SF retail/commercial building; Approximately 9,300 SF parcel; Corner‑lot position with rear parking
