Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    890 Renz Ln Gilroy, CA 95020

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    14,821 SF multi-tenant retail investment property for sale.

    Type:Retail
    Property size:
    14,821 SF
    Added:
    Apr 30, 2019
    Days on Market:
    2539
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 890 Renz Ln

    General Information

    Standard status
    Active
    Size
    14,821 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Eric Carlton

    Listing agent Eric Carlton License #CA 01809955

    Listing office Colliers - Los Angeles - Orange County, California

    Listing date Apr 30, 2019

    Source Crexi

    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

    Overview

    Multi-Tenant Retail Investment Opportunity

    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Olives Mediterranean Market ... Restaurant Blazin Bagelz (Bike/Boat/Book/etc) Store GameStop Arcade & Gaming Center ATM (TV Shell) Atm The Joint Chiropractic Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Similar Places Nearby

    • Gilroy Village — Gilroy, CA 95020
    • South Valley Plaza Shopping Center — 6940 Chestnut St, Gilroy, CA 95020
    • Laurel Square — Gilroy, CA 95020
    • Novedades Los Koras — 7243 monterey rd, gilroy, ca 95020
    • Gilroy Crossing — 6955 Camino Arroyo Dr, Gilroy, CA 95020

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.5519966
    Latitude
    37.0054836

    Nearby Similar for Sale

    • $999,000
      7,008 SF

      Downtown Gilroy Commercial Building For Sale

      Versatile commercial property in downtown Gilroy, suitable for retail.
      7648 Monterey ST, GILROY, CA 95020
      View Details
    • $2,650,000
      8,000 SF

      Gilroy Winery with Vineyard Potential

      Winery with vineyard, tasting room, and production facilities on 9.20± acres.
      2143 Buena Vista Avenue, Gilroy, CA 95020
      View Details
    • $8,999,000
      6,630 SF

      Gilroy Commercial Property with Highway Frontage

      Mixed-use property with high visibility and development potential near US-101.
      5680 Monterey RD, GILROY, CA 95020
      View Details
    • $10,500,000

      Equestrian Estate with Vineyard

      58+ acre estate with equestrian facilities and vineyard.
      3970 Leavesley RD, GILROY, CA 95020
      View Details
    • $2,099,000
      2,504 SF

      Contemporary Home with Rental Income

      Spacious home with rental unit in desirable Gilroy neighborhood.
      3455 Susie Lane, Gilroy, CA 95020
      View Details
    • $3,900,000
      7,550 SF

      Freestanding Commercial Building For Sale

      7,550 SF building on 2.27 acre parcel for sale.
      7950 Arroyo Circle, Gilroy, CA, 95020
      View Details
    • $1,575,000

      Historic Gilroy Restaurant Opportunity

      Unique restaurant space in a historic brick building.
      55 5th St, Gilroy, CA 95020
      View Details
    • $2,650,000
      8,000 SF

      Turn-Key Winery with Vineyard

      Winery with vineyard on 9.20 acres in Santa Clara Valley.
      2143 Buena Vista Avenue, Gilroy, CA 95020
      View Details
    • $1,600,000
      5,889 SF

      Gilroy Office Suites For Sale

      Office suites in a prime Gilroy location with parking.
      7881 Church St, Gilroy, CA 95020
      View Details
    • $555,000
      1,565 SF

      Industrial Condo Cold Shell Space

      Cold shell commercial/industrial condo with rear rollup door.
      7500 Arroyo Circle #140, GILROY, CA 95020
      View Details
    • $2,900,000
      11,500 SF

      Gilroy Warehouse Buildings on Large Lot

      Four warehouse buildings on 2.05 acres in Gilroy, CA.
      8955 Monterey Rd, Gilroy, CA
      View Details
    • $8,999,000
      6,630 SF

      Mixed-Use Building on 10 Acres

      Mixed-use building with frontage on US 101 and 10 acres.
      5680 Monterey Road, GILROY, CA 95020
      View Details

    FAQs

    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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Carlton
    Real Estate License ID: CA 01809955
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!