Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2393 Banyan ST Gilroy, CA 95020

    View on Map
    Claim this Listing
    New
    For Sale
    $420,000

    Residential Lots & Land - GILROY, CA

    Lot size:
    0.50 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 29 at 6:06 am

    Property Features for 2393 Banyan ST

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    Lot size
    0.50 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Thao Dang & Brian Ng

    Listing agent Thao Dang & Brian Ng License #70013767

    Listing office Block Change Real Estate 6120 Hellyer Ave #175, San Jose, CA

    Listing date Apr 28, 2026

    MLS# ML82044876 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Half-Acre Lot in Country Estates

    Located at 2393 Banyan Street in Gilroy, this is an exceptional opportunity to own a rare half-acre lot in the highly desirable Country Estates community, surrounded by custom homes and upscale residences. The expansive approximately 0.5-acre parcel offers endless design possibilities and is nestled among grand estates in an established, high-end neighborhood. It features scenic foothill and valley views, creating a serene and private setting. The R1-zoned parcel is ideal for a luxury custom home, resort-style outdoor living, gardens, or a pool. The location offers a blend of tranquility and convenience, just minutes from downtown Gilroy, award-winning wineries, golf courses, and with easy access to Silicon Valley and the coast. With utilities nearby, this parcel is ready for your vision and presents an excellent opportunity for builders, investors, or end-users looking to create a custom residence. It is suited to build a one-of-a-kind estate tailored to your lifestyle.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.6218141
    Latitude
    37.0264275

    Nearby Similar for Sale

    • $999,000
      7,008 SF

      Downtown Gilroy Commercial Building For Sale

      Versatile commercial property in downtown Gilroy, suitable for retail.
      7648 Monterey ST, GILROY, CA 95020
      View Details
    • $2,650,000
      8,000 SF

      Gilroy Winery with Vineyard Potential

      Winery with vineyard, tasting room, and production facilities on 9.20± acres.
      2143 Buena Vista Avenue, Gilroy, CA 95020
      View Details
    • $8,999,000
      6,630 SF

      Gilroy Commercial Property with Highway Frontage

      Mixed-use property with high visibility and development potential near US-101.
      5680 Monterey RD, GILROY, CA 95020
      View Details
    • $999,950

      Gilroy Land Ready for Development

      Infill lot in Gilroy, ready for multi-residential or mixed-use development.
      7711 Monterey ST, GILROY, CA 95020
      View Details
    • $999,950

      Gilroy Land Ready for Development

      Infill lot in Gilroy, ready for multi-residential or mixed-use development.
      7711 Monterey ST, GILROY, CA 95020
      View Details
    • $10,500,000

      Equestrian Estate with Vineyard

      58+ acre estate with equestrian facilities and vineyard.
      3970 Leavesley RD, GILROY, CA 95020
      View Details
    • $699,000

      Gilroy Land with City Views

      5-acre parcel with city views, well, and power.
      5167 Canada RD, Gilroy, CA 95020
      View Details
    • $369,000

      Residential Lots in Gilroy, CA

      Three residential lots for sale in Gilroy, California.
      119 Farrell AVE, GILROY, CA 95020
      View Details
    • $1,799,999

      9.82-Acre Agricultural Parcel in Gilroy

      Level agricultural land near Highway 101, ready for immediate use.
      0A Buena Vista AVE, GILROY, CA 95020
      View Details
    • $999,950

      Mixed-Use Retail Property in Gilroy

      Two-story mixed-use retail property in downtown Gilroy, California.
      383 1st St, Gilroy, CA 95020
      View Details
    • $3,995,000

      20 Acres For Sale, Gilroy

      20.54 acre property suitable for agricultural or innovation-based uses.
      1180 Day RD, GILROY, CA 95020
      View Details
    • $555,000

      Cold Shell Industrial Condo

      Commercial/industrial condo in a 10-unit building, ready for customization.
      7500 Arroyo Cir 140, Gilroy, CA 95020
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare half-acre lot in Gilroy's desirable Country Estates community.
    Where is this residential land & home lot located?
    The property is located at 2393 Banyan ST Gilroy, CA.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: Rare half‑acre lot in highly desirable Country Estates community.; Ready to build with utilities nearby and favorable zoning.; Minutes to downtown Gilroy, wineries, golf courses, Silicon Valley, and the coast.
    (408) 315-8818
    We can help!
    Listing Contact
    Thao Dang & Brian Ng
    Real Estate License ID: 70013767
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!