10-Unit Mixed-Use
For Sale
$725,000
Pending
7787 Monterey RD, Gilroy, CA 95020
Existing barber and office businesses occupy the property, which also offers off-street parking.
Property Size2,401 SF
Days on Market17
Property Features for 7787 Monterey RD
General Information
Standard status
Pending
Size
2,401 SF
Property subtype
CommercialProperty
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,401 SF
Year Built
1914
Tenancy
Multi
Listing Agency:
Century 21 Masters
Listed By:
Desiree Soliz · License #01469079
(209) 587-2259
Source:
Desireesolizrealtor
Added: Oct 14
Changed: Oct 26
Last Checked: Oct 26 at 2:14PM
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 Century 21 Masters
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1914, this 2,401-square-foot mixed-use property contains 10 units and two bathrooms. Current occupants include a barber shop and office businesses, with tenants on month-to-month agreements. Off-street parking is available on the property.
Key Highlights
- 10 units across 2,401 square feet
- Built in 1914
- Two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,855
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,297,100
$1.3M
Cap Rate 7%
$926,500
$926.5K
Cap Rate 9%
$720,611
$720.6K
Market Conditions
NOI Build-Up for 2,401 SF
Gross rent
$97.1K $40.44/SF
− Vacancy
−$4.4K −$1.85/SF
EGI
$92.6K $38.59/SF
− OpEx
−$27.8K −$11.58/SF
NOI
$64.9K $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%
$1,297,100
Cap Rate 7%
$926,500
Cap Rate 9%
$720,611
Alternative Uses
Best Use
Retail
$926.5K
$810.7K – $1.08M
NOI $64,855 @ 7.0% cap · market cap 8.95%
Second Best
Mixed Use
$591.7K
$517.7K – $690.3K
NOI $41,417 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,466 @ 7.0% cap · market cap 14.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,619
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Dining 40%
Jack in the Box
Dining
12,407 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,828 visits/mo
0.5 miles
76
Shops & Services
2,600 visits/mo
0.4 miles
BMO Harris Bank
Shops & Services
1,851 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
697 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Existing barber and office businesses occupy the property, which also offers off-street parking.
Where is this mixed-use property located?
The property is located at 7787 Monterey RD Gilroy, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 10 units across 2,401 square feet; Built in 1914; Two bathrooms
