7660 Monterey Street Gilroy, CA 95020
Newer retail building with high ceilings, signage visibility from four sides, two ADA restrooms, and five private parking spaces.
- Added:
- May 16, 2026
- Days on Market:
- 60
- Last Refresh:
- Jul 13 at 2:55 am
Property Features for 7660 Monterey Street
General Information
- Standard status
- Active
- Size
- 3,534 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2007
Listing office American West Properties (408) 800-7028
Listing date May 16, 2026
Source Exitrealty
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 American West Properties
Investment Insights
Based on property information with market context.
The property is positioned in a downtown historic district setting and is noted as zoned Commercial Retail with mixed use allowed. Current tenants are month-to-month.
With approximately 3,534 square feet of building area on an approximately 5,227 square foot lot, the asset offers a modern option within the district and supports retail operations alongside the possibility of an owner-user arrangement where some tenants remain to help offset mortgage expenses.
Key Highlights
- Commercial retail building in the Gilroy Downtown Historic District (DHD), zoned commercial retail with mixed‑use allowed
- Built in 2007; approx. 3,534 SF on an approx. 5,227 SF lot
- Signage visibility from all four sides with high ceilings
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.9k | $40.44 |
| − Vacancy | −$6.5k | −$1.85 |
| EGI | $136.4k | $38.59 |
| − OpEx | −$40.9k | −$11.58 |
| NOI | $95.5k | $27.01 |
Alternative Uses
Property Analytics
Current Use by Public Records
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