7008 San Felipe Parcel 2, Morgan Hill, CA 95135
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.