Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sec Cochrane & Butterfield Morgan Hill, CA 95037
    Back to Search
    Property profile & analytics

    Sec Cochrane & Butterfield Morgan Hill, CA 95037

    View on Map
    • Retail properties & Spaces
    • 471,250 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Sec Cochrane & Butterfield

    Property size
    471,250 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, known as Evergreen Village, presents a unique investment opportunity in the thriving Morgan Hill, California market. Located at the intersection of Cochrane and Butterfield, this property boasts a total of 471,250 square feet of retail space across a single suite, situated on a sizable lot ranging from 1.8 to 7.05 acres. The property is zoned for general commercial use, providing significant flexibility for a variety of business ventures. Currently, there is minimal vacancy (1 square foot), indicating high occupancy and strong tenant demand. The property's strategic location in Santa Clara County, with a 95037 zip code, offers excellent access to major transportation routes and a robust consumer base. The multiple tenancy structure allows for diverse business opportunities, making it an ideal investment for both established businesses and new ventures. This expansive retail space presents a rare chance to acquire a significant commercial property in a high-growth area. The property's size and zoning provide ample room for expansion or redevelopment, catering to a wide range of business needs. With its prime location and substantial square footage, this property is poised for continued success and significant return on investment. The property is currently available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morgan Hill
    County
    Santa Clara
    State
    California
    Longitude
    -121.661
    Latitude
    37.1475

    Comparable in this City

    • Value Estimation by Request
      12,319 SF

      17280 Monterey St

      Retail properties & Spaces • 12,319 SF
      17280 Monterey St, Morgan Hill, CA 95037
      View Details
    • Value Estimation by Request
      6,831 SF

      84-98 2Nd St

      Office Spaces • 6,831 SF
      84-98 2Nd St, Morgan Hill, CA 95037
      View Details
    • Value Estimation by Request
      1,725 SF

      18585 Monterey Rd

      Retail properties & Spaces • 1,725 SF
      18585 Monterey Rd, Morgan Hill, CA 95037
      View Details
    • Value Estimation by Request
      71.00 Acres

      9080 Santa Teresa Blvd

      Land • 71.00 Acres
      9080 Santa Teresa Blvd, Morgan Hill, CA 95037
      View Details
    • Value Estimation by Request
      3.04 Acres

      Church St

      Land • 3.04 Acres
      0 Church St, Morgan Hill, CA 95037
      View Details
    • Value Estimation by Request

      18545 Monterey Rd

      Manufacturing properties
      18545 Monterey Rd, Morgan Hill, CA 95037
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,450 SF

      Mixed-Use Commercial Property For Sale

      Mixed-use property with established tenants and value-add potential.
      16795 Monterey Rd, Morgan Hill, CA 95037
      View Details
    • $3,600,000

      Land For Sale

      Land available in Santa Clara County.
      220 W Edmundson Ave, Morgan Hill, CA 95037
      View Details
    • $3,250,000

      Land For Sale

      Land available in Santa Clara County.
      18060 Monterey Rd, Morgan Hill, CA 95037
      View Details
    • Contact for pricing

      27 Acres with Warehouse

      Secluded vacant land with a 10,000 SF warehouse.
      13160 Uvas Rd, Morgan Hill, CA 95037
      View Details
    • $1,688,000

      Secluded Land With Warehouse

      27 acres of vacant land with 10,000 sqft warehouse.
      Uvas Rd, Morgan Hill, CA 95037
      View Details
    • $1,688,000

      Land for Sale

      Land available in Santa Clara County.
      13160 Uvas Rd, Morgan Hill, CA 95037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      87,120 SF

      Morgan Hill Land For Lease

      Land available for lease in Morgan Hill, California.
      9760 Monterey Rd, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      10,200 SF

      Community Shopping Center Anchor Space

      Anchor space available in a community shopping center.
      126 Cochrane Rd, Morgan Hill, CA 95037
      View Details
    • $2,550 /Mo
      21,500 SF

      Retail Spaces in Candy Park

      Prime commercial spaces available in high-traffic Morgan Hill shopping center.
      Monterey St, Morgan Hill, CA 95037
      View Details
    • $3 SF/Yr
      700 SF

      Remodeled Retail Space Available

      700 SF retail space with remodeled exterior.
      33 N 1St St, San Jose, CA 95037
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space near Highway 101

      Retail space with highway frontage and development opportunities in Morgan Hill.
      1057 Cochrane Rd, Morgan Hill, CA 95037
      View Details
    • $30 SF/Yr

      Retail Space in Active Corridor

      High-visibility retail space available December 2025 in Morgan Hill.
      16113 Monterey Rd, Morgan Hill, CA 95037
      View Details
    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.
    Sec Cochrane & Butterfield
    Morgan Hill, CA 95037
    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

    Thank You for Inquiry
    Sec Cochrane & Butterfield, Morgan Hill, CA, 95037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!