Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gilroy Corner Development Opportunity Title is generated by Realmo AI

    615 Rucker AVE, Gilroy 95020

    View on Map
    Claim this Listing
    New
    For Sale
    $1,979,000

    LAND - Gilroy

    Lot size:
    6.17 Acres
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 5:06 am

    Property Features for 615 Rucker AVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-20A
    Fencing
    Perimeter, Gate, Fenced, Cross Fenced, Chain Link
    Standard status
    Active
    Lot size
    6.17 Acres

    Utilities

    Water source
    Well

    We can help!

    Listing Contact
    Andy Vong

    Listing agent Andy Vong License #01317493

    Listing office Real Brokerage Technologies 1420 Kettner BLVD #100, San Diego, CA

    Listing date May 29, 2026

    MLS# ML82049087 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.

    HighLights

    • Prime +/-6.17‑acre corner development site in Gilroy, CA, at the gateway to Silicon Valley.
    • High‑visibility location in a booming South Santa Clara County growth corridor.
    • Versatile asset suitable for agri‑tourism, data center/industrial, or EV charging/retail development.
    • Flat, usable land ideal for a variety of development projects.
    • Potential for interim income from existing 2BR/2BA home with approved remodeling plans.
    • Strategic intersection location with high frontage.

    Overview

    This corner property in Gilroy, California, encompasses approximately 6.17 acres. The flat, usable land is positioned at a strategic intersection within a growing South Santa Clara County corridor. The property is zoned A-20A. Potential uses include agri-tourism, such as a farm-to-table restaurant, artisanal market, or event venue. It could also serve as a data center, industrial or distribution hub, or an EV charging campus with retail components. The property includes an existing 2-bedroom, 2-bathroom home with an open-floor redesign and approved remodeling plans, suitable for a management office or residential use during development. This versatile asset is suitable for phased development or land banking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom Food Market Accounting Firm Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    Longitude
    -121.581948
    Latitude
    37.055831

    Nearby Similar for Sale

    • $10,500,000
      4,222 SF

      Gilroy Equestrian Estate and Vineyard

      58+ acre estate with equestrian facilities, vineyard, and residences.
      3970 Leavesley RD, GILROY, 95020
      View Details
    • $999,950

      Infill Lot Ready for Development

      Infill lot in Gilroy, ready for multi-residential or mixed-use development.
      7711 Monterey ST, GILROY, 95020
      View Details
    • $999,000

      Downtown Gilroy Commercial Building

      Versatile building in downtown Gilroy, ideal for commercial or retail.
      7648 Monterey ST, GILROY, 95020
      View Details
    • $999,950

      Gilroy Infill Lot For Sale

      Infill lot in Gilroy ready for multi-residential or mixed-use development.
      7711 Monterey ST, GILROY, 95020
      View Details
    • $8,999,000

      Gilroy Mixed-Use Commercial Property

      Mixed-use property with frontage on US 101 in Gilroy.
      5680 Monterey RD, GILROY, 95020
      View Details
    • $1,799,999

      9.82 Acres Agricultural Land Gilroy

      9.82-acre agricultural parcel in North Gilroy, zoned A-20A.
      0A Buena Vista AVE, GILROY, 95020
      View Details
    • $510,000

      Land in Gilroy Country Club

      Residential land with city-approved plans in Gilroy Country Club Estates.
      1920 Mantelli DR, GILROY, 95020
      View Details
    • $3,995,000

      20 Acres for Rural Innovation

      20.54-acre property for agricultural, ag-tech, or innovation uses.
      1180 Day RD, GILROY, 95020
      View Details
    • $599,000

      Residential Land in Country Estates

      1.45 acre lot with panoramic views in established community.
      9250 Mahogany, GILROY, 95020
      View Details
    • $369,000

      Residential Lots in Gilroy, CA

      Three residential lots for sale in Gilroy, California.
      119 Farrell AVE, GILROY, 95020
      View Details
    • $3,995,000

      Gilroy Land For Sale

      20.54 acre land parcel in Gilroy, California.
      1180 Day RD, GILROY, 95020
      View Details
    • $299,000

      Residential Lots in Gilroy, CA

      Three residential lots for sale in Gilroy, California.
      103 Farrell AVE, GILROY, 95020
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility corner property in a booming South Santa Clara County.
    Where is this commercial land located?
    The property is located at 615 Rucker AVE Gilroy.
    What is the asking price?
    The asking price for this property is $1,979,000.
    What are key features of this property?
    This property features: Prime +/-6.17‑acre corner development site in Gilroy, CA, at the gateway to Silicon Valley.; High‑visibility location in a booming South Santa Clara County growth corridor.; Versatile asset suitable for agri‑tourism, data center/industrial, or EV charging/retail development.
    (408) 960-9225
    We can help!
    Listing Contact
    Andy Vong
    Real Estate License ID: 01317493
    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
    615 Rucker AVE, Gilroy, 95020
    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!