Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6920 Monterey Rd Gilroy, CA 95020-6626
    Back to Search
    Property profile & analytics

    6920 Monterey Rd, Gilroy, CA 95020-6626

    View on Map
    • Warehouses
    • 20,000 SF
    • 1.64 lot acres
    Off-Market
    Last Sale Mar 7, 2023
    $1,400,000
    Property ID
    US09-5200871
    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
    $1,340,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 6920 Monterey Rd

    Year built
    1963
    Lot size
    1.64 lot acres
    Zone code
    M2
    Property type
    Warehouses
    APN
    841-14-083
    APU
    84114083

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 6, 2024 — Amg Enterprise LLC — Deed · related $1.9M · 1st Capital Bank
    Mar 7, 2023 $1,400,000 Amg Enterprise LLC Quality Construction Developments L Grant Deed —
    Dec 23, 2021 — Quality Construction Developments L Anna Montes Grant Deed —
    Apr 30, 2020 $2,000,000 Amg Ent LLC S & S Warehouse LLC Grant Deed $100k · S & S Warehouse LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,355,000
      ML approach
      $1,305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,251,000
      Market price range: $269k - $1.80M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.564
    Latitude
    36.9983
    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
    $46,085
    $2,550,000
    $1,096,500
    $3,646,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,535,000
      35,550 SF

      7151 Crocker Ln

      WAREHOUSE, STORAGE
      7151 Crocker Ln, Gilroy, CA 95020-6638
      View Details
    • Value Estimation
      $5,515,000
      42,040 SF

      105 Leavesley Rd

      WAREHOUSE, STORAGE
      105 Leavesley Rd, Gilroy, CA 95020-3679
      View Details
    • Value Estimation
      $3,955,000
      30,000 SF

      165 10th St

      WAREHOUSE, STORAGE
      165 10th St, Gilroy, CA 95020-6567
      View Details
    • Value Estimation
      $1,150,000
      5,880 SF

      7400 Railroad St

      STORAGE YARD, OPEN STORAGE
      7400 Railroad St, Gilroy, CA 95020-5819
      View Details
    • Value Estimation
      $1,905,000
      6,536 SF

      80 Casey Ln

      STORAGE YARD, OPEN STORAGE
      80 Casey Ln, Gilroy, CA 95020-4539
      View Details
    • Value Estimation
      $7,525,000
      7,400 SF

      5350 Monterey Rd

      STORAGE YARD, OPEN STORAGE
      5350 Monterey Rd, Gilroy, CA 95020-8031
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      95,637 SF

      Gilroy Industrial Warehouse For Sale

      95,637 SF industrial warehouse with M2 zoning in Gilroy, CA.
      951 Renz Ln, Gilroy, CA 95020
      View Details
    • Contact for pricing
      25,000 SF

      Industrial Packing and Cooling Facility

      68-acre industrial property with packing, cooling, and office facilities.
      1020 State Highway 25, Gilroy, CA 95020
      View Details
    • Contact for pricing
      28,789 SF

      Gilroy Industrial Warehouse For Sale

      Industrial warehouse with 32' minimum clear height and ESFR sprinklers.
      981 Renz Ln, Gilroy, CA 95020
      View Details
    • Contact for pricing
      11,500 SF

      Gilroy Warehouse Buildings on Large Lot

      Four warehouse buildings on 2.05 acres in Gilroy, CA.
      8955 Monterey Rd, Gilroy, CA 95020
      View Details
    • $3,995,000
      20.54 Acres

      Special Purpose R&D Land with Warehouses

      20.54-acre site in an unincorporated Santa Clara County rural corridor with multiple warehouse structures and flexible redevelopment options.
      1180 Day Rd, Gilroy, CA 95020
      View Details
    • $555,000

      Cold Shell Industrial Condo

      Commercial/industrial condo in a 10-unit building, ready for customization.
      7500 Arroyo Cir, Gilroy, CA 95020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Gilroy Industrial Unit For Lease

      2,500 SF industrial unit with small office space.
      335 Mayock Rd, Gilroy, CA 95020
      View Details
    • Contact for pricing
      183,600 SF

      Industrial Buildings with Highway Access

      Two industrial buildings totaling ±382,565 SF with highway access.
      6500 Cameron Blvd, Gilroy, CA 95020
      View Details
    • Contact for pricing
      183,600 SF

      Modern Industrial Buildings Available

      Two Class A industrial buildings with highway access for lease.
      901 Venture Way, Gilroy, CA 95020
      View Details
    • Contact for pricing
      82,892 SF

      Gilroy Warehouse Space Available

      Proposed warehouse space in Gilroy, deliverable Q4 2024 - Q1 2025.
      221 Yamane Dr, Gilroy, CA 95020
      View Details
    • Contact for pricing
      5,250 SF

      Gilroy Warehouse with Office Space

      5,250 SF warehouse with 1,000 SF office space.
      5820 Obata Way, Gilroy, CA 95020
      View Details
    • $1.25 SF/Yr
      13,608 SF

      Gilroy Warehouse Space Available

      13,608 sqft warehouse space for rent in Gilroy.
      7800 Arroyo Cir, Gilroy, CA 95020
      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.
    6920 Monterey Rd
    Gilroy, CA 95020-6626
    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
    6920 Monterey Rd, Gilroy, CA, 95020
    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!