Cold Shell Retail
18475 Monterey Road Morgan Hill, CA 95037
18475 Monterey Road, Morgan Hill, CA, 95037
$399,000
For Sale
$399,000
Fully built cold shell retail unit within The Gates commercial complex with adjacent retail corridor foot traffic.
Property Size626 SF
Price / SF$637.38
Days on Market57
Property Features for 18475 Monterey Road
General Information
- Standard status
- Active
- Size
- 626 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 4:33PM Checked: Jul 21 at 7:04AM
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 units within a larger townhome-style condominium community. The units are designed as cold shell spaces for prospective owners or tenants to customize, and the available sizes range from 626 to 1,340 square feet. The project is described as a modern, all-electric, solar-powered community.
The units are located along Monterey Road at 18491, 18483, 18475, 18467, and 18459, offered separately from the 49-unit townhome condominium community in which they are situated. The commercial units are positioned adjacent to an established, active retail corridor anchored by Starbucks, a nail salon, a hair salon, and an AMPM.
The property at 18475 Monterey Road is part of this five-unit offering, providing a cold shell configuration in a setting surrounded by ongoing retail activity.
The units are located along Monterey Road at 18491, 18483, 18475, 18467, and 18459, offered separately from the 49-unit townhome condominium community in which they are situated. The commercial units are positioned adjacent to an established, active retail corridor anchored by Starbucks, a nail salon, a hair salon, and an AMPM.
The property at 18475 Monterey Road is part of this five-unit offering, providing a cold shell configuration in a setting surrounded by ongoing retail activity.
Key Highlights
- Five fully built cold shell commercial units at 18491, 18483, 18475, 18467, and 18459 Monterey Road
- Units range from 626 to 1,340 sq ft and are offered separately from the adjacent 49‑unit townhome‑style condominium community
- All units are part of a modern all‑electric, solar‑powered community
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 | $25.3k | $40.44 |
| − Vacancy | −$1.2k | −$1.85 |
| EGI | $24.2k | $38.59 |
| − OpEx | −$7.2k | −$11.58 |
| NOI | $16.9k | $27.01 |
626 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$377.9K
$330.7K – $440.9K
NOI $26,455 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Blossoms by Tatiana — 201 basil ave, morgan hill, ca 95037
FAQs
What type of property is this?
Storefront property - Fully built cold shell retail unit within The Gates commercial complex with adjacent retail corridor foot traffic.
Where is this storefront property located?
The property is located at 18475 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 at 18491, 18483, 18475, 18467, and 18459 Monterey Road; Units range from 626 to 1,340 sq ft and are offered separately from the adjacent 49‑unit townhome‑style condominium community; All units are part of a modern all‑electric, solar‑powered community
