Downtown Mixed-Use
For Sale
$2,300,000
7760 Monterey Street, Gilroy, CA 95020
CommercialSale, Gilroy, CA
Property Size6,394 SF
Lot Size0.69 Acres
Price / SF$359.71
Days on Market83
Property Features for 7760 Monterey Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1 DED
Subdivision
MorganHillGilroySanMartin
Standard status
Active
APN
841-04-019
Size
6,394 SF
Lot size
0.69 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1928
Floors in Building
1
Roof type
Tile
Listing Agency:
Intero Real Estate Services
(408) 840-7400
Listed By:
Ricardo Arteaga · License #01903391
(408) 607-4383
Added: Jul 31
Changed: Oct 21
Last Checked: Oct 21 at 9:06AM
MLS# ML82056182
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 0.69-acre parcel includes a 6,394-square-foot building constructed in 1928. Its described mixed-use arrangement places commercial space on the ground level and residential space on the upper floor. The structure has a tile roof, and the property is served by public water and sewer.
Zoning is C-1 DED, within Gilroy’s Downtown Expansion District. The seller has initiated a demolition application with the city.
Zoning is C-1 DED, within Gilroy’s Downtown Expansion District. The seller has initiated a demolition application with the city.
Key Highlights
- 0.69‑acre parcel
- 6,394‑square‑foot building, constructed in 1928
- C‑1 DED zoning in Gilroy’s Downtown Expansion District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,297
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,940
$2.2M
Cap Rate 7%
$1,575,671
$1.6M
Cap Rate 9%
$1,225,522
$1.2M
Market Conditions
NOI Build-Up for 6,394 SF
Gross rent
$191.8K $30.00/SF
− Vacancy
−$15.3K −$2.40/SF
EGI
$176.5K $27.60/SF
− OpEx
−$66.2K −$10.35/SF
NOI
$110.3K $17.25/SF
Area
Santa Clara County, CA
Vacancy
8.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,940
Cap Rate 7%
$1,575,671
Cap Rate 9%
$1,225,522
Alternative Uses
Best Use
Mixed Use
$1.58M
$1.38M – $1.84M
NOI $110,297 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The C-1 DED designation supports a commercial-and-residential configuration, with commercial space at street level and residences 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: 0.69‑acre parcel; 6,394‑square‑foot building, constructed in 1928; C‑1 DED zoning in Gilroy’s Downtown Expansion District
