Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Morgan Hill Industrial/Office Condo Title is generated by Realmo AI

    358 Digital Drive, Morgan Hill, CA 95037

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,495,000

    Industrial/Office condominium in Morgan Hill, 4 minutes from Hwy 101.

    Property size:
    3,932 SF
    Price / SF:
    $380/SF
    Added:
    Jun 19, 2025
    Days on Market:
    339
    Last Refresh:
    Mar 16 at 9:08 am

    Property Features for 358 Digital Drive

    General Information

    Standard status
    Active
    Size
    3,932 SF

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    CHRISTIAN RENZ

    Listing agent CHRISTIAN RENZ

    Listing office RENZ & RENZ

    Listing date Jun 19, 2025

    Source Corcoran

    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

    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.
    • Low‑Maintenance: Condo association covers landscaping, trash, roof, and structure.
    • Well‑Maintained: Clean and well‑maintained property.
    • Rare Offering: A rare small industrial condominium.

    Overview

    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.
    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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • VDI — 255 Mystery Creek Ct, Morgan Hill, CA 95037

    Location Insight

    • Map
    • Local Demand
    City
    Morgan Hill
    County
    Santa Clara
    State
    California
    Longitude
    -121.657
    Latitude
    37.1388

    Nearby Similar for Sale

    • $5,150,000

      Commercial

      16260 Church St, Morgan Hill, CA 95037
      View Details
    • $8,346,116
      3,615 SF

      BlueWave Express Car Wash

      Express car wash property for sale.
      18625 Monterey Rd, Morgan Hill, CA 95037
      View Details
    • $8,950,000
      32,045 SF

      Freestanding R&D/Flex Building For Sale

      Single-story R&D/Flex building in north Morgan Hill.
      Morgan Hill, CA 95037
      View Details
    • $2,800,000
      10,380 SF

      Morgan Hill Self-Storage Facility

      Well-located self-storage facility in Morgan Hill, California.
      16325 Barrett Avenue, MORGAN HILL, CA 95037
      View Details
    • $8,950,000
      32,045 SF

      Freestanding R&D/Flex Building For Sale

      Single-story R&D/Flex building in north Morgan Hill. SBA financing opportunity.
      385 Woodview Ave, Morgan Hill, CA 95037
      View Details
    • $289,000

      Updated Mobile Home in Senior Community

      Well-maintained 2-bedroom mobile home in a vibrant 55+ community.
      275 Burnett Ave 146, Morgan Hill, CA 95037
      View Details
    • $2,913,284
      132,422 SF

      Morgan Hill Industrial Property

      Large industrial property available in Morgan Hill, California.
      16325 Church St, Morgan Hill, CA 95037
      View Details
    • $5,150,000
      16,832 SF

      Multi-Tenant Industrial Facility For Sale

      Multi-tenant industrial facility in Morgan Hill, CA, ideal for investors.
      16260 Church St, Morgan Hill, CA 95037
      View Details
    • $1,098,000
      1,662 SF

      Contractor Yard in Morgan Hill

      Rare owner/user opportunity for industrial businesses in South Bay.
      19400 Monterey St, Morgan Hill, CA
      View Details
    • $8,826,000
      22,065 SF

      Freestanding Showroom on 2.48 Acres

      22,065 SF showroom with service department on 2.48 AC.
      16175 Condit Rd, Morgan Hill, CA
      View Details
    • $2,650,000
      6,450 SF

      Mixed-Use Commercial Property For Sale

      Mixed-use property with established tenants and value-add potential.
      16795 Monterey Road, MORGAN HILL, CA 95037
      View Details
    • $3,250,000
      110,000 SF

      Mixed-Use Development Opportunity

      Mixed-use development with residential and commercial potential.
      18060 Monterey Road, MORGAN HILL, CA 95037
      View Details

    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.
    We can help!
    Listing Contact
    CHRISTIAN RENZ
    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

    Thank You for Inquiry
    358 Digital Drive, MORGAN HILL, CA 95037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!