Morgan Hill Industrial/Office
358 Digital Drive Morgan Hill, CA 95037
358 Digital Drive, Morgan Hill, CA, 95037
$1,495,000
For Sale
$1,495,000
Industrial/Office condominium in Morgan Hill, 4 minutes from Hwy 101.
Property Size3,932 SF
Price / SF$380.21
Days on Market394
Property Features for 358 Digital Drive
General Information
- Standard status
- Active
- Size
- 3,932 SF
Building Details
- Year Built
- 2003
Listing Agency
RENZ & RENZ
Listed by
CHRISTIAN RENZ
Source
Corcoran
Added: Jun 19, 2025 Checked: Mar 16 at 9:08 am
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 RENZ & RENZ
Investment Insights
Based on property information with market context.
This 3,932-square-foot industrial/office condominium features multiple private offices on both the first and second floors. It includes two private bathrooms and warehouse space with a grade-level roll-up door. The condo association dues cover professional landscaping, trash removal, roof maintenance, and structural upkeep. The property is located in the fast-growing Morgan Hill market, approximately 4 minutes from Highway 101. The warehouse area features a 20-foot clear height. This well-maintained property is suitable for many uses.
Key Highlights
- Convenient Location: Just 4 minutes from Hwy 101 in fast‑growing Morgan Hill.
- Versatile Space: Combination of private offices and warehouse space with a grade‑level roll‑up door.
- High Warehouse Ceiling: Benefit from a 20' warehouse clear height.
Local Financial Insights For Warehouse
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 | $101.4k | $25.80 |
| − Vacancy | −$7.7k | −$1.96 |
| EGI | $93.8k | $23.84 |
| − OpEx | −$14.1k | −$3.58 |
| NOI | $79.7k | $20.27 |
3,932 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,324 @ 7.0% cap · market cap 9.25%
Second Best
Warehouse
$1.14M
$996.2K – $1.33M
NOI $79,693 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$2.37M
$2.08M – $2.77M
NOI $166,167 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
HouseKeys
Construction Company
Lafayette BMR
Housing Development
City of San Luis ...
Housing Authority
Bartlett Educational Resources
High School
Similar For Sale Nearby
Similar Off Market Nearby
- VDI — 255 Mystery Creek Ct, Morgan Hill, CA 95037
FAQs
What type of property is this?
Flex space - Industrial/Office condominium in Morgan Hill, 4 minutes from Hwy 101.
Where is this flex space located?
The property is located at 358 Digital Drive Morgan Hill, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Convenient Location: Just 4 minutes from Hwy 101 in fast‑growing Morgan Hill.; Versatile Space: Combination of private offices and warehouse space with a grade‑level roll‑up door.; High Warehouse Ceiling: Benefit from a 20' warehouse clear height.
