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    6865 Camino Arroyo Gilroy, CA 95020-7081
    Property profile & analytics

    6865 Camino Arroyo, Gilroy, CA 95020-7081

    View on Map
    • Retail space
    • 6,868 SF
    • 1.04 lot acres
    Off-Market
    Last Sale Nov 3, 2024
    Property ID
    US10-2391290
    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
    $3,530,000
    Show details
    Cap Rate Potential
    3.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 6865 Camino Arroyo

    Year built
    2004
    Lot size
    1.04 lot acres
    Zone code
    GI
    Property type
    Retail space
    APN
    841-70-033
    APU
    84170033

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,090,000
      6.5%
      $2,855,000
      7%
      $2,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,434,000
      Market price range: $1.14M - $3.43M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,160,000
      Current use
      WAREHOUSE, STORAGE
      $2,440,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.551
    Latitude
    37.0023
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $63,214
    $1,812,000
    $3,188,000
    $5,000,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      Gilroy, CA 95020

      RETAIL STORES (PERSONAL SERVICES)
      Gilroy, CA 95020
      View Details
    • Value Estimation
      $26,510,000
      94,345 SF

      8225 Arroyo Cir

      RETAIL STORES (PERSONAL SERVICES)
      8225 Arroyo Cir, Gilroy, CA 95020-7321
      View Details
    • Value Estimation
      $21,175,000
      125,597 SF

      7900 Arroyo Cir

      RETAIL STORES (PERSONAL SERVICES)
      7900 Arroyo Cir, Gilroy, CA 95020-7314
      View Details
    • Value Estimation
      $18,265,000
      148,663 SF

      7251 Camino Arroyo

      RETAIL STORES (PERSONAL SERVICES)
      7251 Camino Arroyo, Gilroy, CA 95020-7340
      View Details
    • Value Estimation
      $710,000
      2,186 SF

      370 Leavesley Rd

      RETAIL STORES (PERSONAL SERVICES)
      370 Leavesley Rd, Gilroy, CA 95020-3607
      View Details
    • Value Estimation
      $970,000
      3,090 SF

      5880 Monterey Rd

      RETAIL STORES (PERSONAL SERVICES)
      5880 Monterey Rd, Gilroy, CA 95020-8032
      View Details

    Similar Nearby for Sale

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      Freestanding Commercial Building For Sale

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      6.17 Acres

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      High-visibility corner property in a booming South Santa Clara County.
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    • $1,799,900

      Retail Building in Historic District

      Retail building in Gilroy's Downtown Historic District for sale.
      7660 Monterey St, Gilroy, CA 95020
      View Details
    • $999,950

      Mixed-Use Retail Property in Gilroy

      Two-story mixed-use retail property in downtown Gilroy, California.
      383 1St St, Gilroy, CA 95020
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    Similar Nearby for Lease

    • Contact for pricing
      1,783 SF

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      1,783 SF retail space with roll-up door, ample parking.
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      1,780 SF

      Gilroy Retail Space For Lease

      Retail space available in high-traffic Gilroy Crossing Center.
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      1,620 SF

      Retail Space on Welburn Avenue

      Retail space with signage and parking in Gilroy, CA.
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      Prime Retail Space Available

      Retail space with great exposure near Gilroy Outlet Shopping Center.
      8797 San Ysidro Ave, Gilroy, CA 95020
      View Details
    • Contact for pricing

      Gilroy Gateway Retail Center

      Retail center with US-101 frontage and flexible leasing opportunities.
      7900 Arroyo Cir, Gilroy, CA 95020
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space Available For Rent

      6,500 sqft retail space available for lease.
      6925 Camino Arroyo, Gilroy, CA 95020
      View Details

    Property Visit Statistics

    • Visits by month
      22.3k
    • Visitors by month
      17.4k
    • Avg Time on site
      27 min
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    Gilroy, CA 95020-7081
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    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
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    6865 Camino Arroyo, Gilroy, CA, 95020
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