7855 Wren AveGilroy, CA 95020

Property Details for 7855 Wren Ave

Year built

1973

Construction

WOOD FRAME

Lot size

0.19 AC

Property size (Sq ft)

6,144 SF

Zone code

C1

Property type

Office properties

Property subtype

Office buildings

APN

808-12-021

APU

80812021

Description

This single-story, 6,120 square foot office building, located at 7855 Wren Ave, Gilroy, CA 95020, presents a unique opportunity for businesses seeking executive or professional office space in Santa Clara County. Built in 1973, the property sits on a 0.19-acre lot and offers ample parking with a ratio of 4 spaces per 1000 square feet. The entire building is currently vacant, providing a blank canvas for a single tenant or the potential for multiple tenants. The property's address is conveniently located near 1st St in Gilroy, offering easy access to local amenities and transportation routes. The building's classification as "Executive Office" and "Professional Office" suggests a high-quality build and finish, ideal for businesses seeking a prestigious location. With a total of 6,120 square feet available, this property is suitable for a variety of business needs, from small startups to established companies requiring significant space. The property's single-story design offers convenient accessibility and efficient use of space. This is an exceptional opportunity to acquire a well-located, fully vacant office building in a thriving area of California.

• CAP approach

  CAP return

  Valuation

  6%

  $1,839,878

  6.5%

  $1,698,349

  7%

  $1,577,038

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,713,623

  Geo Method

  $1,713,623

• Alternative Use

  Use

  Valuation

  Residential

  $2,105,953

  Hospitality

  $1,929,042

  Educational

  $1,604,940

  Medical

  $1,660,136

  Retail

  $2,496,573

Location Insight

City

Gilroy

County

Santa Clara

State

California

Latitude

37.0114

Longitude

-121.587

CBSA code

41940

CBSA name

SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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