Morgan Hill Industrial/Office
For Sale
$1,495,000
358 Digital Drive, Morgan Hill, CA 95037
Industrial/Office condominium in Morgan Hill, 4 minutes from Hwy 101.
Property Size3,932 SF
Price / SF$380.21
Days on Market476
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
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,693
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,860
$1.6M
Cap Rate 7%
$1,138,471
$1.1M
Cap Rate 9%
$885,478
$885.5K
Market Conditions
NOI Build-Up for 3,932 SF
Gross rent
$101.4K $25.80/SF
− Vacancy
−$7.7K −$1.96/SF
EGI
$93.8K $23.84/SF
− OpEx
−$14.1K −$3.58/SF
NOI
$79.7K $20.27/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,593,860
Cap Rate 7%
$1,138,471
Cap Rate 9%
$885,478
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 authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
859
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
Check the figures for this property
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
- VDI — 255 Mystery Creek Ct, Morgan Hill, CA 95037
Frequently Asked Questions
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.
