Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    240 Vineyard Ct Morgan Hill, CA 95037
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    240 Vineyard Ct Morgan Hill, CA 95037

    View on Map
    • Industrial land
    For Sale
    $1,700,000
    View Listing →
    Morgan Hill Light Industrial Lot For Sale
    $1,700,000

    Morgan Hill Light Industrial Lot

    Light industrial zoned development opportunity in premier Morgan Hill location.

    240 Vineyard Ct, Morgan Hill, CA 95037
    View Listing
    Property ID
    US09-0491283
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 240 Vineyard Ct

    Property type
    Industrial land
    Property subtype
    Commercial real estate

    Description

    NEW PRICE REDUCTION!! Reduced $100K! Don't Miss This Premier Location for Your Business or Investment Plans. This Lot Has Full City Curb, Sidewalk and Gutters Installed and Sits Across From the Local Police Department. This Property is Surrounded by Other Light Industrial - R&D - Office or Light Mfg Businesses. Contact Listing Agent for More Accurate Zoning and Use Information for This Light Industrial Zoned Development Opportunity. More Information Regarding the Il Zoning District Such as Land Uses and Development Standards Can Be Found in Chapter 18.26 of the Morgan Hill Municipal Code. Links to This Document Can Be Provided. All basic amenties, water, power, sewer are on lot and stubbed or contained. This is ready to go with your build plans.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Morgan Hill
    County
    Santa Clara
    State
    California
    Longitude
    -121.6400049
    Latitude
    37.1166417

    Comparable in this City

    • $2,850,000

      Morgan Hill Industrial Land

      Land in Morgan Hill, CA, zoned for general industrial.
      16175 Jacqueline Ct, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      2 SF

      Industrial Land Near Cochrane Tech

      2.2 acres of industrial land for sale in Morgan Hill.
      18383 De Paul Dr, Morgan Hill, CA 95037
      View Details
    • $1,700,000

      Premier Location for Business Investment

      Light industrial zoned land with city curb and utilities.
      Vineyard Ct, Morgan Hill, CA 95037
      View Details
    • $1,699,999
      12.16 Acres

      12.16 Acres in Morgan Hill

      Buildable parcel near downtown Morgan Hill with residential and agricultural potential.
      0A Hale Ave, 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

    Similar Nearby for Sale

    • $2,850,000

      Morgan Hill Industrial Land

      Land in Morgan Hill, CA, zoned for general industrial.
      16175 Jacqueline Ct, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      2 SF

      Industrial Land Near Cochrane Tech

      2.2 acres of industrial land for sale in Morgan Hill.
      18383 De Paul Dr, Morgan Hill, CA 95037
      View Details
    • $1,700,000

      Premier Location for Business Investment

      Light industrial zoned land with city curb and utilities.
      Vineyard Ct, Morgan Hill, CA 95037
      View Details
    • $1,699,999
      12.16 Acres

      12.16 Acres in Morgan Hill

      Buildable parcel near downtown Morgan Hill with residential and agricultural potential.
      0A Hale Ave, Morgan Hill, CA 95037
      View Details

    Similar Nearby for Lease

    • $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
    • Contact for pricing
      1,725 SF

      Retail Endcap Opportunity Available

      Retail space available at Monterey and Cochrane Road.
      18585 Monterey Rd, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Highway 101

      Retail space available in Cochrane Commons near Highway 101.
      Cochrane Rd, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      750 SF

      Neighborhood Shopping Center Retail Space

      Retail spaces available in a neighborhood shopping center.
      16999 Monterey St, Morgan Hill, CA 95037
      View Details
    • Contact for pricing
      82,446 SF

      Morgan Hill Industrial/Warehouse Space

      Industrial/warehouse space suitable for manufacturing and distribution.
      18215 Butterfield Blvd, Morgan Hill, CA 95037
      View Details
    • $1.35 SF/Yr
      258,122 SF

      Advanced Manufacturing Building For Rent

      258,122 SF manufacturing building with expansion possibilities in Morgan Hill.
      755 Jarvis Dr, Morgan Hill, CA 95037
      View Details
    View Listing
    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.
    240 Vineyard Ct
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!