8955 Monterey Rd Gilroy, CA
Four warehouse buildings on 2.05 acres in Gilroy, CA.
Property Features for 8955 Monterey Rd
General Information
- Standard status
- Active
- Size
- 11,500 SF
- Lot size
- 2.05 Acres
- Property subtype
- INDUSTRIAL
Listing office Prime Commercial, Inc. (408) 879-4000
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.
Investment Insights
Based on property information with market context.
Key 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).
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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