Property profile

7008 San Felipe Parcel 2 Morgan Hill, CA 95135

OFF-MARKET
Land
1.1 ac lot
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Property summary

AI-generated overview

This exceptional 1.1-acre commercial land parcel presents a prime development opportunity in the desirable Evergreen area of San Jose, California. Located at 7008 San Felipe (parcel 2), this property boasts a coveted SJ zoning designation and is currently undergoing the City of San Jose's SB9 lot split approval process, in conjunction with the adjacent parcel. The asking price is $1,400,000, translating to a land value of $29.22 per square foot. The property (APN 660-02-060-2) is situated amidst rolling hills and estate homes, offering a tranquil setting enhanced by mature trees and a seasonal creek. Enjoy breathtaking views of the surrounding hills and mountains. This location provides convenient access to shopping amenities and offers an easy commute to major Silicon Valley employment hubs. Families will appreciate the proximity to highly-rated schools within the Evergreen School District: Silver Oaks Elementary, Chaboya Middle, and Evergreen High School. This unique property combines a picturesque setting with exceptional development potential and a strategic location, making it an ideal investment for discerning buyers. The property's natural beauty and convenient location make it a truly exceptional opportunity. The pending SB9 approval further enhances the potential for future development.

Property profile

Verified
Property type Land
Lot 1.1 ac (47,916 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7008 San Felipe Parcel 2 Morgan Hill, CA 95135
Morgan Hill metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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