Flex Space with Grade-Level
215-225 Vineyard Court, Morgan Hill, CA 95037
For Sale
New
Contact for pricing
A condominium unit offers a largely finished manufacturing area with air plumbing and convenient Highway 101 access.
Property Size7,200 SF
Price / SF$375
Days on Market5
Property Features for 215-225 Vineyard Court
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Drive-In Doors
Additional Details
Highway Access
Property Use
Listing Agency:
Colliers | Gilroy
(408) 842-7000
Listed By:
Matt VanKeulen
(408) 930-9236
Source:
Moodyscre
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 4:55PM
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
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 7,200-square-foot flex condominium is configured primarily for manufacturing, with approximately 90% of the area beneath a drop ceiling. The unit has 9 feet of clear height below the ceiling and one 12-by-12-foot grade-level door. Air plumbing is in place.
Highway 101 provides access to the property at 215-225 Vineyard Court in Morgan Hill, California.
Highway 101 provides access to the property at 215-225 Vineyard Court in Morgan Hill, California.
Key Highlights
- 7,200‑square‑foot flex condominium unit
- One 12'x12' grade‑level door
- 9' clear height beneath the drop ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,176
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,520
$2.4M
Cap Rate 7%
$1,716,800
$1.7M
Cap Rate 9%
$1,335,289
$1.3M
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$185.8K $25.80/SF
− Vacancy
−$14.1K −$1.96/SF
EGI
$171.7K $23.84/SF
− OpEx
−$51.5K −$7.15/SF
NOI
$120.2K $16.69/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,403,520
Cap Rate 7%
$1,716,800
Cap Rate 9%
$1,335,289
Alternative Uses
Best Use
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,176 @ 7.0% cap · market cap 4.45%
Second Best
Flex RnD
$1.59M
$1.39M – $1.86M
NOI $111,326 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M
NOI $304,273 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
9 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$1,152,400
Median Home Value
Market
Average Price Trend$/SF for Flex space in Santa Clara County, CA
Properties on Market for Flex space in Santa Clara County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Soul Sweets — 305 Vineyard Blvd, Morgan Hill, CA 95037
- Evans & Sons Barbecue — 15650 Vineyard Blvd Suite A #131, Morgan Hill, CA 95037
Frequently Asked Questions
What type of property is this?
Flex space - A condominium unit offers a largely finished manufacturing area with air plumbing and convenient Highway 101 access.
Where is this flex space located?
The property is located at 215-225 Vineyard Court Morgan Hill, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 7,200‑square‑foot flex condominium unit; One 12'x12' grade‑level door; 9' clear height beneath the drop ceiling
