Freestanding Showroom on 2.48
16175 Condit Rd Morgan Hill, CA
16175 Condit Rd, Morgan Hill, CA, 00000
Contact for pricing
For Sale
Contact for pricing
22,065 SF showroom with service department on 2.48 AC.
Property Size22,065 SF
Lot Size2.48 Acres
Price / SF$400
Days on Market493
Property Features for 16175 Condit Rd
General Information
- Standard status
- Active
- Size
- 22,065 SF
- Lot size
- 2.48 Acres
- Property subtype
- RETAIL
Listing agency
Colliers | Gilroy
(408) 218-3366
Listed by
Jeff Barnes · License #CA-00883278
Source
Moodyscre
Added: Mar 17, 2025 Updated: Jul 6 at 9:14AM Checked: Jul 21 at 5:37AM
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 Colliers | Gilroy
Investment Insights
Based on property information with market context.
This freestanding 22,065 square foot property includes an open showroom of 13,448 square feet and a service department of 8,573 square feet. The building also features private offices and a breakroom. It is situated on a 2.48-acre lot with 20% coverage and parking at a ratio of 4 per 1,000 square feet. The property includes a large pylon sign.
Key Highlights
- Freestanding 22,065 SF building
- Large pylon sign included
- Open Show Room of 13,448 SF
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $892.3k | $40.44 |
| − Vacancy | −$40.9k | −$1.85 |
| EGI | $851.4k | $38.59 |
| − OpEx | −$255.4k | −$11.58 |
| NOI | $596.0k | $27.01 |
22,065 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$8.51M
$7.45M – $9.93M
NOI $596,009 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.32M
$11.66M – $15.54M
NOI $932,469 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
House of Thunder Harley-Davidson
Motorcycle Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Morgan Hill Tile & Marble — 365 Tennant Ave # A, Morgan Hill, CA 95037
FAQs
What type of property is this?
Showroom - 22,065 SF showroom with service department on 2.48 AC.
Where is this showroom located?
The property is located at 16175 Condit Rd Morgan Hill, CA.
What is the asking price?
The asking price for this property is $8,826,000.
What are key features of this property?
This property features: Freestanding 22,065 SF building; Large pylon sign included; Open Show Room of 13,448 SF
