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    Gilroy Warehouse Buildings on Large Lot Title is generated by Realmo AI

    8955 Monterey Rd, Gilroy, CA

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    Four warehouse buildings on 2.05 acres in Gilroy, CA.

    Type:INDUSTRIAL
    Property size:
    11,500 SF
    Lot size:
    2.05 Acres
    Price / SF:
    $252/SF
    Added:
    Nov 4, 2025
    Days on Market:
    218
    Last Refresh:
    May 20 at 9:11 pm

    Property Features for 8955 Monterey Rd

    General Information

    Standard status
    Active
    Size
    11,500 SF
    Lot size
    2.05 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Doug Ferrari
    Doug Ferrari

    Listing agent Dixie Divine

    Listing office Prime Commercial, Inc.

    Listing date Nov 4, 2025

    Source Moodyscre

    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 Prime Commercial, Inc.

    HighLights

    • Four commercial/warehouse buildings totaling over 11,500 square feet.
    • Large 2.05‑acre lot (89,298 square feet).
    • Zoned R4 – High Density Residential (potential for 20 units per acre).
    • Ease of access with over 260 linear feet of frontage.
    • Commercial/Warehouse Buildings
    • APN: 790‑14‑025

    Overview

    The property features four commercial and warehouse buildings totaling over 11,500 square feet. It is situated on a large 2.05-acre lot, which is equivalent to 89,298 square feet. The property benefits from ease of access, with over 260 linear feet of frontage. The zoning is R4 – High Density Residential, which assumes 20 units per acre. The APN is 790-14-025.

    Local Financial Insights For Warehouse

    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 $296.7k $25.80
    − Vacancy −$22.5k −$1.96
    EGI $274.2k $23.84
    − OpEx −$41.1k −$3.58
    NOI $233.1k $20.27
    11,500 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.33M
    $2.91M – $3.88M (±1% cap)
    NOI $233,079 @ 7.0% cap · market cap 8.04%
    Second Best
    Industrial
    $2.74M
    $2.40M – $3.20M (±1% cap)
    NOI $191,947 @ 7.0% cap · market cap 6.62%
    Theoretical Best
    Office A
    $6.94M
    $6.07M – $8.10M (±1% cap)
    NOI $485,991 @ 7.0% cap · market cap 16.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Mini Storage of Gilroy — 50 E Luchessa Ave, Gilroy, CA 95020
    • Fischer Storage Facility Units — 6351 Cameron Blvd, Gilroy, CA 95020

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.579
    Latitude
    37.0269

    FAQs

    What type of property is this?
    Warehouse - Four warehouse buildings on 2.05 acres in Gilroy, CA.
    Where is this warehouse located?
    The property is located at 8955 Monterey Rd Gilroy, CA.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Four commercial/warehouse buildings totaling over 11,500 square feet.; Large 2.05‑acre lot (89,298 square feet).; Zoned R4 – High Density Residential (potential for 20 units per acre).
    (408) 879-4000 Call to check price and availability
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