Flex Showroom and High-Bay
6881 Monterey St, Gilroy, CA 95020
For Sale
Contact for pricing
A dual-area layout pairs customer-facing space with substantial warehouse capacity and three-phase electrical service.
Property Size30,737 SF
Price / SF$175.68
Days on Market54
Property Features for 6881 Monterey St
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Warehouse Space
Power
Three-Phase Power
Additional Details
Highway Access
Amenities
skylights
600-amp, 3-phase power
Building Details
Buildings
Building Size
Listing Agency:
Renz & Renz Investment & Commercial Brokerage
Listed By:
Christian Renz · License #CA 01911413
(408) 846-1031
Source:
Crexi
Added: Sep 17
Changed: Nov 6
Last Checked: Nov 8 at 6:27AM
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 & Commercial Brokerage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 30,737-square-foot flex property combines showroom space with a high-bay warehouse. The front 14,000 square feet has a customer-oriented retail layout, while the rear 16,000 square feet was configured for racked storage and offers 22- to 24-foot clear heights. Skylights bring natural light into the building, and the property has 600-amp, 3-phase power.
Located on Monterey Road in Gilroy, the property is 25 miles south of San Jose and has freeway access. The stated potential use range includes retail, office, medical, fitness, automotive, and storage-oriented operations.
Located on Monterey Road in Gilroy, the property is 25 miles south of San Jose and has freeway access. The stated potential use range includes retail, office, medical, fitness, automotive, and storage-oriented operations.
Key Highlights
- 30,737‑square‑foot flex building with showroom and warehouse areas
- Front 14,000 square feet has a customer‑facing retail layout
- Rear 16,000 square feet has 22- to 24‑foot clear heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$476,388
Cap Rate
8.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,527,760
$9.5M
Cap Rate 7%
$6,805,543
$6.8M
Cap Rate 9%
$5,293,200
$5.3M
Market Conditions
NOI Build-Up for 30,737 SF
Gross rent
$793.0K $25.80/SF
− Vacancy
−$60.1K −$1.96/SF
EGI
$732.9K $23.84/SF
− OpEx
−$256.5K −$8.35/SF
NOI
$476.4K $15.50/SF
Area
Santa Clara County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,527,760
Cap Rate 7%
$6,805,543
Cap Rate 9%
$5,293,200
Alternative Uses
Best Use
Retail
$11.86M
$10.38M – $13.84M
NOI $830,252 @ 7.0% cap · market cap 15.38%
Second Best
Warehouse
$8.90M
$7.79M – $10.38M
NOI $622,968 @ 7.0% cap · market cap 11.54%
Theoretical Best
Office A
$18.56M
$16.24M – $21.65M
NOI $1,298,948 @ 7.0% cap · market cap 24.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
24 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,148
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95020, CA
68,090
Population
20,679
Households
3.3
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
151.8 sq mi
ZIP Area
449
Density / Sq Mi
$134,242
Median Household Income
$50,421
Median Earnings
$2,256
Median Rent
$1,005,600
Median Home Value
Market
Average Price Trend$/SF for Flex space in Santa Clara County, CA
Properties on Market for Flex space in Santa Clara County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Elegant Events and Catering — 865 greenwich dr, gilroy, ca 95020
Frequently Asked Questions
What type of property is this?
Flex space - A dual-area layout pairs customer-facing space with substantial warehouse capacity and three-phase electrical service.
Where is this flex space located?
The property is located at 6881 Monterey St Gilroy, CA.
What is the asking price?
The asking price for this property is $5,399,999.
What are key features of this property?
This property features: 30,737‑square‑foot flex building with showroom and warehouse areas; Front 14,000 square feet has a customer‑facing retail layout; Rear 16,000 square feet has 22- to 24‑foot clear heights
