Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7483 Monterey St Gilroy, CA 95020

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $735,000

    Land in Downtown Gilroy near breweries, restaurants, and retail.

    Property size:
    2,000 SF

    Property Features for 7483 Monterey St

    General Information

    Standard status
    Active
    Size
    2,000 SF

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Sylvia Bell
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS PROPERTY TEAM Listing Agent: Sylvia Bell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Gilroy Land Opportunity

    This 2,000-square-foot commercial land is located in Downtown Historical Gilroy, surrounded by breweries, restaurants, and retail shops. The property is situated in an area known for wineries and year-round festivities. Gilroy is centrally located at the southern gateway to Silicon Valley, presenting various opportunities for investment and development. The property is suitable for commercial land, retail, restaurants, and other commercial real estate ventures.
    Location Intelligence

    Current Use by Public Records

    Caldwell’s Comics & Cards (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.570136
    Latitude
    37.009128

    Nearby Similar for Sale

    • $999,000
      7,008 SF

      Downtown Gilroy Commercial Building For Sale

      Versatile commercial property in downtown Gilroy, suitable for retail.
      7648 Monterey St, Gilroy, CA 95020
      View Details
    • $10,500,000
      4,222 SF

      Equestrian Estate with Vineyard

      58+ acre estate with equestrian facilities and vineyard.
      3970 Leavesley Rd, Gilroy, CA 95020
      View Details
    • $8,999,000
      6,630 SF

      Gilroy Commercial Property with Highway Frontage

      Mixed-use property with high visibility and development potential near US-101.
      5680 Monterey Rd, Gilroy, CA 95020
      View Details
    • $2,099,000
      2,504 SF

      Contemporary Home with Rental Income

      Spacious home with rental unit in desirable Gilroy neighborhood.
      3455 Susie Ln, Gilroy, CA 95020
      View Details
    • Contact for pricing
      95,637 SF

      Gilroy Industrial Warehouse For Sale

      95,637 SF industrial warehouse with M2 zoning in Gilroy, CA.
      951 Renz Ln, Gilroy, CA 95020
      View Details
    • Contact for pricing
      7,550 SF

      Freestanding Building Near Gilroy Outlets

      7,550 SF building on 2.27 acres near Highway 101.
      7950 Arroyo Cir, Gilroy, CA 95020
      View Details
    • $2,500,000

      20-Acre Ranch with Apple Orchard

      Updated farmhouse, producing orchard, multiple residences, and income potential.
      4125 Prunedale Ave, Gilroy, CA 95020
      View Details
    • $2,700,000

      Eigleberry Land Opportunity

      Land available in Gilroy, CA.
      Eigleberry St, Gilroy, CA 95020
      View Details
    • Contact for pricing
      11,500 SF

      Gilroy Warehouse Buildings on Large Lot

      Four warehouse buildings on 2.05 acres in Gilroy, CA.
      8955 Monterey Rd, Gilroy, CA 95020
      View Details
    • Contact for pricing
      110,689 SF

      Gilroy Industrial Warehouse For Sale

      Industrial warehouse with 32' minimum clear height and ESFR sprinklers.
      981 Renz Ln, Gilroy, CA 95020
      View Details
    • $8,999,000

      Established Vineyard on Santa Clara Wine Trail

      Meticulously maintained vineyard with wine production facility and event venue.
      11775 Watsonville Rd, Gilroy, CA 95020
      View Details
    • $15,000,000

      Prime Agricultural Land in Gilroy

      Large farmland property with long-term tenant in Santa Clara County.
      25 Hwy, Gilroy, CA 95020
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land in Downtown Gilroy near breweries, restaurants, and retail.
    Where is this commercial land located?
    The property is located at 7483 Monterey St Gilroy, CA.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: - Located in Downtown Historical Gilroy, offering access to breweries, restaurants, and retail shops.; - Central location at the southern gateway to Silicon Valley.; - Proximity to Gilroy's wineries and year-round festivities.
    (408) 710-1205
    Request Owner's contact information
    7483 Monterey St Gilroy, CA 95020
    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.
    7483 Monterey St
    Gilroy, CA 95020
    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
    7483 Monterey St Gilroy, CA 95020
    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

    We can help!
    Listing Contact
    Sylvia Bell
    (408) 710-1205 (408) 430-6598
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!