Two-Level Mixed-Use
For Sale
$2,300,000
7760 Monterey Street, Gilroy, CA 95020
Commercial and residential uses are arranged across separate floors in the Downtown Expansion District.
Property Size6,394 SF
Price / SF$359.71
Days on Market54
Property Features for 7760 Monterey Street
General Information
Standard status
Active
Size
6,394 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$16,051
Building Details
Year Built
1928
Listing Agency:
Intero Real Estate Services
(408) 840-7400
Listed By:
Ricardo Arteaga · License #01903391
(408) 607-4383
Source:
Exitrealty
Added: Aug 14
Changed: Sep 1
Last Checked: Sep 15 at 6:12AM
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 commercial space on the ground floor and residential space above. The building dates to 1928, and the recorded property size is 6,394 SF on a 30,056-square-foot lot. The seller has initiated a demolition application with the City of Gilroy, providing a documented redevelopment-related consideration for the property.
The site is located at 7760 Monterey Street in Gilroy, California, within the Downtown Expansion District’s Neighborhood Commercial area. The property information identifies Zone DED and supports a mixed-use arrangement combining commercial and residential components.
The site is located at 7760 Monterey Street in Gilroy, California, within the Downtown Expansion District’s Neighborhood Commercial area. The property information identifies Zone DED and supports a mixed-use arrangement combining commercial and residential components.
Key Highlights
- 30,056‑square‑foot lot
- 6,394 SF property size
- Commercial use on the first floor with residential space above
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,711
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,454,220
$3.5M
Cap Rate 7%
$2,467,300
$2.5M
Cap Rate 9%
$1,919,011
$1.9M
Market Conditions
NOI Build-Up for 6,394 SF
Gross rent
$258.6K $40.44/SF
− Vacancy
−$11.8K −$1.85/SF
EGI
$246.7K $38.59/SF
− OpEx
−$74.0K −$11.58/SF
NOI
$172.7K $27.01/SF
Area
Santa Clara County, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,454,220
Cap Rate 7%
$2,467,300
Cap Rate 9%
$1,919,011
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 17%
Jack in the Box
Dining
12,407 visits/mo
0.2 miles
Los Cuates
Dining
3,018 visits/mo
0.5 miles
BMO Harris Bank
Shops & Services
1,851 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
697 visits/mo
0.1 miles
SpeeDee Oil Change & Auto Service
Shops & Services
628 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential uses are arranged across separate floors in the Downtown Expansion District.
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‑square‑foot lot; 6,394 SF property size; Commercial use on the first floor with residential space above
