Mixed-Use Property with Redevelopment
New
For Sale
$2,300,000
7760 Monterey Street, Gilroy, CA 95020
Downtown Expansion District zoning accommodates a commercial ground floor with residential space above.
Property Size6,394 SF
Price / SF$359.71
Days on Market4
Property Features for 7760 Monterey Street
General Information
Standard status
Active
Size
6,394 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1928
Listing Agency:
Intero Real Estate Services
(408) 607-4383
Listed By:
Ricardo Arteaga · License #01903391
(408) 607-4383
Source:
Exitrealty
Added: Aug 1
Changed: Aug 3
Last Checked: Aug 4 at 7:27AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
This mixed-use property includes a 6,394-square-foot structure on a 30,056 sqft lot. The proposed configuration places commercial space at street level with residential space on the upper floor. The existing structure dates to 1928, and the seller has initiated a demolition application with the City of Gilroy.
The property is within the Downtown Expansion District’s Neighborhood Commercial area and carries DED zoning. Its location at 7760 Monterey Street provides a Gilroy address within a district identified for mixed-use development, combining commercial and residential components in one property.
The property is within the Downtown Expansion District’s Neighborhood Commercial area and carries DED zoning. Its location at 7760 Monterey Street provides a Gilroy address within a district identified for mixed-use development, combining commercial and residential components in one property.
Key Highlights
- 30,056 sqft lot at 7760 Monterey Street, Gilroy, CA 95020
- 6,394‑square‑foot property size
- Downtown Expansion District - Neighborhood Commercial
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 | $258.6k | $40.44 |
| − Vacancy | −$11.8k | −$1.85 |
| EGI | $246.7k | $38.59 |
| − OpEx | −$74.0k | −$11.58 |
| NOI | $172.7k | $27.01 |
6,394 SF · lease $40.44/SF/yr · vacancy 4.58% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,711 @ 7.0% cap · market cap 7.51%
Second Best
Mixed Use
$1.58M
$1.38M – $1.84M
NOI $110,297 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$3.86M
$3.38M – $4.50M
NOI $270,211 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
139k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 30%
Apparel 9%
Hotels & Casinos 1%
Rotten Robbie
Shops & Services
14,748 visits/mo
0.3 miles
Arco AM/PM
Shops & Services
14,016 visits/mo
0.3 miles
Black Bear Diner
Dining
13,433 visits/mo
0.3 miles
Burger King
Dining
13,254 visits/mo
0.4 miles
Chevron
Shops & Services
13,042 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Expansion District zoning accommodates a commercial ground floor with residential space above.
Where is this mixed-use property located?
The property is located at 7760 Monterey Street Gilroy, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 30,056 sqft lot at 7760 Monterey Street, Gilroy, CA 95020; 6,394‑square‑foot property size; Downtown Expansion District - Neighborhood Commercial
