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    8875 Murray Ave Gilroy, CA 95020

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    For Sale
    $4,500,000

    7.34 acre industrial lot with approved building plans.

    Property Features for 8875 Murray Ave

    General Information

    Standard status
    Active

    Source: SOUTH COUNTY REALTY MH Agent MATTHEW TELFER

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Approved Industrial Lot in Gilroy

    This is a unique opportunity to purchase an approved industrial lot on 7.34 acres within the city limits of north Gilroy's industrial park. It is perfect for an owner or investor looking to establish their business in future buildings constructed to meet their company's custom needs. Plans have been freshly approved by the city for three future light industrial buildings: Building 1 with 42,266 square feet, Building 2 with 48,600 square feet, and Building 3 with 29,920 square feet. The location is at a crossroads between San Jose, Monterey County, Watsonville, and the central valley, and it is minutes from the 101 Freeway and Highway 152, shops, downtown restaurants, local wineries and breweries, and big box commercial services in the city of Gilroy. If additional space is desired, the adjacent 1.95 acres could also be available.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.5721496
    Latitude
    37.0255292

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    FAQs

    What type of property is this?
    Industrial land - 7.34 acre industrial lot with approved building plans.
    Where is this industrial land located?
    The property is located at 8875 Murray Ave Gilroy, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Approved industrial lot on **7.34 acres** within city limits.; - Plans approved for **3 light industrial buildings totaling 120,786 SF** (42,266 SF, 48,600 SF, 29,920 SF).; - Ideal location at the crossroads of San Jose, Monterey County, Watsonville, and the Central Valley.
    (408) 779-3146
    Request Owner's contact information
    8875 Murray Ave Gilroy, CA 95020
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    Gilroy, CA 95020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8875 Murray Ave Gilroy, CA 95020
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