Freestanding R&D/Flex Building For
Morgan Hill, CA 95037, Morgan Hill, CA 95037
Single-story R&D/Flex building in north Morgan Hill.
Type:Industrial
Property size:
32,045 SFPrice / SF:
$279/SF- Added:
- Nov 25, 2025
- Days on Market:
- 186
- Last Refresh:
- May 8 at 8:40 pm
Property Features
General Information
- Standard status
- Active
- Size
- 32,045 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing agent Martin A. Morici License #CalDRE #00990974 (408) 207-8906
Listing office TRI Commercial | Walnut Creek (408) 207-8906
Listing date Nov 25, 2025
Source Corfac
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 TRI Commercial | Walnut Creek
HighLights
- Freestanding Single Story R&D/Flex Building
- Strategic Location: Close proximity to Highway 101, restaurants, and retail amenities.
- Significant Space Available: ±12,658 SF immediately available, with an additional 13,304 SF becoming available soon.
- High‑End Office Interiors
- Four (4) Grade Level Doors
- SBA Financing Opportunity
Overview
This freestanding R&D/Flex building is located in north Morgan Hill along Cochrane Road and Monterey Road, offering proximity to restaurants, retail amenities, and Highway 101. Constructed in 1986 and renovated in 2009, the property offers approximately 12,658 square feet available for immediate occupancy, with an additional 13,304 square feet becoming available upon tenants’ upcoming lease expirations. The building is situated on a lot of approximately 88,427 square feet (2.03 acres). Features include high-end office interiors, four grade-level doors, and 94 parking stalls. The building has fire sprinklers. The clear height is 22 feet. The zoning is Light Industrial. SBA financing opportunities may be available.
Local Financial Insights For Industrial
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 | $826.8k | $25.80 |
| − Vacancy | −$62.7k | −$1.96 |
| EGI | $764.1k | $23.84 |
| − OpEx | −$229.2k | −$7.15 |
| NOI | $534.9k | $16.69 |
32,045 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 30.00%
Alternative Uses
Best Use
Industrial
$7.64M
$6.69M – $8.91M
NOI $534,865 @ 7.0% cap · market cap 5.98%
Second Best
Flex RnD
$7.10M
$6.21M – $8.28M
NOI $496,660 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$19.35M
$16.93M – $22.57M
NOI $1,354,224 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- VDI — 255 Mystery Creek Ct, Morgan Hill, CA 95037
Map
- City
- Morgan Hill
- County
- Santa Clara
- State
- California
- Longitude
- -121.661
- Latitude
- 37.1497
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FAQs
What type of property is this?
Flex space - Single-story R&D/Flex building in north Morgan Hill.
Where is this flex space located?
The property is located at Morgan Hill, CA.
What is the asking price?
The asking price for this property is $8,950,000.
What are key features of this property?
This property features: Freestanding Single Story R&D/Flex Building; Strategic Location: Close proximity to Highway 101, restaurants, and retail amenities.; Significant Space Available: **±12,658 SF immediately available**, with an additional 13,304 SF becoming available soon.
