Multi-Tenant Retail Investment
For Sale
Contact for pricing
890 Renz Ln, Gilroy, CA 95020
14,821 SF multi-tenant retail investment property for sale.
Property Size14,821 SF
Price / SF$610.75
Days on Market2717
Property Features for 890 Renz Ln
General Information
Standard status
Active
Size
14,821 SF
Class
A
Property subtype
Retail
Zoning
C3 (Shopping Center Commercial)
Occupancy
82%
Lease Type
NNN
Net Operating Income
$623,547
Building Details
Year Built
2003
Stories
1
Tenancy
Multi
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Eric Carlton · License #CA 01809955
(949) 724-5561
Source:
Crexi
Added: Apr 30, 2019
Changed: Oct 6
Last Checked: Oct 5 at 6:26PM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This 14,821 square foot multi-tenant retail property is available for purchase. The property is leased to a mix of regional and national tenants, including GameStop and Sprint. It is located directly adjacent to Best Buy and in front of Lowe’s, at the entrance of the shopping center. The property is occupied by national credit tenants on NNN leases, with minimal landlord obligations.
Key Highlights
- Multi‑tenant retail investment property with 14,821 SF
- Located directly adjacent to Best Buy and in front of Lowe’s
- Leased to a mix of regional and national tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$400,337
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,006,740
$8.0M
Cap Rate 7%
$5,719,100
$5.7M
Cap Rate 9%
$4,448,189
$4.4M
Market Conditions
NOI Build-Up for 14,821 SF
Gross rent
$599.4K $40.44/SF
− Vacancy
−$27.5K −$1.85/SF
EGI
$571.9K $38.59/SF
− OpEx
−$171.6K −$11.58/SF
NOI
$400.3K $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%
$8,006,740
Cap Rate 7%
$5,719,100
Cap Rate 9%
$4,448,189
Alternative Uses
Best Use
Retail
$5.72M
$5.00M – $6.67M
NOI $400,337 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.95M
$7.83M – $10.44M
NOI $626,337 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
1.2M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 29%
Dining 25%
Shops & Services 19%
Apparel 14%
Costco Wholesale
Superstores
150,096 visits/mo
0.3 miles
Walmart
Superstores
117,889 visits/mo
0.2 miles
Target
Superstores
79,161 visits/mo
0.4 miles
Costco Gasoline
Shops & Services
70,273 visits/mo
0.2 miles
Marshalls
Apparel
55,324 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Gilroy Village — Gilroy, CA 95020
- South Valley Plaza Shopping Center — 6940 Chestnut St, Gilroy, CA 95020
- Gilroy Crossing — 6955 Camino Arroyo Dr, Gilroy, CA 95020
- Novedades Los Koras — 7243 monterey rd, gilroy, ca 95020
- Laurel Square — Gilroy, CA 95020
Frequently Asked Questions
What type of property is this?
Shopping center - 14,821 SF multi-tenant retail investment property for sale.
Where is this shopping center located?
The property is located at 890 Renz Ln Gilroy, CA.
What is the asking price?
The asking price for this property is $9,051,900.
What are key features of this property?
This property features: Multi‑tenant retail investment property with 14,821 SF; Located directly adjacent to Best Buy and in front of Lowe’s; Leased to a mix of regional and national tenants
