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    Monterey Rd Morgan Hill, CA 95037

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    For Sale
    $2,749,950

    Vacant lot near train station, ideal for mixed-use development.

    Property Features for Monterey Rd

    General Information

    Standard status
    Active

    Source: INTERO REAL ESTATE SERVICES Agent SCOTT MURRAY

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

    Overview

    Downtown Morgan Hill Development Opportunity

    This vacant lot, spanning 0.92 acres, is situated in downtown Morgan Hill. The property is zoned Monterey Corridor Form Based (FB-C) and is located within 0.40 miles of the Caltrans Train Station, the only major transit stop in Morgan Hill. The site is positioned to benefit from new housing bills, accommodating various project types, including mixed-use residential and affordable housing. The location provides convenient access to schools, shopping, trails, and the train station. Seller financing is being considered.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Morgan Hill
    County
    Santa Clara
    State
    California
    Longitude
    -121.699956
    Latitude
    37.178405

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    FAQs

    What type of property is this?
    Land - Vacant lot near train station, ideal for mixed-use development.
    Where is this land located?
    The property is located at Monterey Rd Morgan Hill, CA.
    What is the asking price?
    The asking price for this property is $2,749,950.
    What are key features of this property?
    This property features: - Prime 0.92 AC vacant lot in Downtown Morgan Hill.; - Zoned Monterey Corridor Form Based (FB-C) allowing mixed-use, residential, and affordable projects.; - Located within 0.40 mile of the Caltrans Train Station (major transit stop).
    (408) 778-7474
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    Monterey Rd Morgan Hill, CA 95037
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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
    Monterey Rd Morgan Hill, CA 95037
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