Cold Shell Retail
18467 Monterey Road Morgan Hill, CA 95037
18467 Monterey Road, Morgan Hill, CA, 95037
$399,000
For Sale
$399,000
Fully built cold shell retail unit in The Gates community, part of five separately offered commercial units.
Property Size665 SF
Price / SF$600
Days on Market57
Property Features for 18467 Monterey Road
General Information
- Standard status
- Active
- Size
- 665 SF
- Property subtype
- Commercial Sale / Mixed Use
Listing agency
City Ventures Construction, Inc
(831) 840-1068
Listed by
Petrise Switzer · License #01862316
(831) 840-1068
Source
Compass
Added: May 26 Updated: Jul 20 at 6:08PM Checked: Jul 20 at 6:08PM
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 City Ventures Construction, Inc
Investment Insights
Based on property information with market context.
The Gates Commercial Units offer five fully built cold shell retail spaces located at 18491, 18483, 18475, 18467, and 18459 Monterey Road, offered separately from the adjacent 49-unit townhome-style condominium community. The units range in size from 626 to 1,340 square feet, providing options for different retail footprints. Each unit is positioned within the broader community designed as modern, all-electric and solar-powered.
Unit 18467 Monterey Road benefits from being adjacent to an established and active retail corridor. The corridor includes anchors and services such as Starbucks, a nail salon, a hair salon, and an AMPM.
This offering is presented as a cold shell retail opportunity within a supply-constrained market, giving an owner-user or investor a starting point to establish presence in a growing residential setting.
Unit 18467 Monterey Road benefits from being adjacent to an established and active retail corridor. The corridor includes anchors and services such as Starbucks, a nail salon, a hair salon, and an AMPM.
This offering is presented as a cold shell retail opportunity within a supply-constrained market, giving an owner-user or investor a starting point to establish presence in a growing residential setting.
Key Highlights
- Five fully built cold shell commercial units within The Gates community
- Units are located at 18491, 18483, 18475, 18467, and 18459 Monterey Road
- Unit sizes range from 626 to 1,340 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 | $26.9k | $40.44 |
| − Vacancy | −$1.2k | −$1.85 |
| EGI | $25.7k | $38.59 |
| − OpEx | −$7.7k | −$11.58 |
| NOI | $18.0k | $27.01 |
665 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$256.6K
$224.5K – $299.4K
NOI $17,963 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$401.5K
$351.3K – $468.4K
NOI $28,103 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Fully built cold shell retail unit in The Gates community, part of five separately offered commercial units.
Where is this storefront property located?
The property is located at 18467 Monterey Road Morgan Hill, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Five fully built cold shell commercial units within The Gates community; Units are located at 18491, 18483, 18475, 18467, and 18459 Monterey Road; Unit sizes range from 626 to 1,340 SF
