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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8050 Santa Teresa Blvd Gilroy, CA 95020-3862

    • Office buildings
    • 49,724 SF
    • 2.79 lot acres
    OFF-MARKET
    Value Estimations
    $13,925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1355639
    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.

    Current Use by Public Records

    • Erika Blanco, Coldwell Banker Residential Brokerage / Real Estate Agent
    • South Valley Property Management / Property Management Company / Homeowners' Association
    • Visual Edge Optometric Group / Optometrist
    • Dr. Daniel O. Brown, OD / Optometrist
    • Kovach Peter OD / Optometrist

    Property Details for 8050 Santa Teresa Blvd

    Year built
    2003
    Construction
    TILT-UP CONCRETE
    Lot size
    2.79 lot acres
    Property size
    49,724 SF
    Zone code
    C3
    Property type
    Office buildings
    APN
    790-39-035
    APU
    79039035

    Description

    The Piazza, located at 8050-8080 Santa Teresa Boulevard in Gilroy, CA 95020, presents a unique opportunity for businesses seeking Class A executive office space. This two-story, 51,550 square foot office park, built in 2002, boasts striking Mediterranean architecture, a central courtyard with a fountain, and ample parking (4 spaces per 1000 square feet). The property sits on a 2.77-acre lot and is conveniently located near 1st St in Santa Clara County. Multiple tenancy options are available, with spaces ranging from a minimum of 921 square feet to a maximum contiguous space of 1,029 square feet. Currently, 7,148 square feet of space is vacant. The Piazza offers a sophisticated and desirable work environment, ideal for businesses seeking a prestigious address in Gilroy's premier office park. The property's high-end mixed-use design and central location make it an attractive option for a variety of businesses. This exceptional opportunity allows for flexible space configurations to accommodate diverse business needs. Don't miss the chance to secure your space in this sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,324,000
      Market price range: $10.4M - $19.0M
      AI Estimate
      $9,785,000
      Market price range: $3.47M - $12.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $13,875,000
      Current use
      WAREHOUSE, STORAGE
      $17,675,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $15,640,000
      Change: +13% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Gilroy
    County
    Santa Clara
    State
    California
    Longitude
    -121.599
    Latitude
    37.0148
    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
    2022
    $0.00
    $2,413,892
    $10,105,185
    $12,519,077
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,950,000
      29,259 SF

      8339 Church St

      OFFICE BUILDING • 29,259 SF
      8339 Church St, Gilroy, CA 95020-4453
      View Details
    • Value Estimation
      $1,575,000
      5,776 SF

      7888th Wren Avec

      OFFICE BUILDING • 5,776 SF
      7888th Wren Avec, Gilroy, CA 95020-4942
      View Details
    • Value Estimation
      $1,755,000
      5,400 SF

      273 10th St

      OFFICE BUILDING • 5,400 SF
      273 10th St, Gilroy, CA 95020-6583
      View Details
    • Value Estimation
      $1,540,000
      14,215 SF

      1100 1st St

      OFFICE BUILDING • 14,215 SF
      1100 1st St, Gilroy, CA 95020-4819
      View Details
    • Value Estimation
      $950,000
      4,163 SF

      7881 Eigleberry St

      OFFICE BUILDING • 4,163 SF
      7881 Eigleberry St, Gilroy, CA 95020-5126
      View Details
    • Value Estimation
      $1,335,000
      4,372 SF

      449 Leavesley Rd

      OFFICE BUILDING • 4,372 SF
      449 Leavesley Rd, Gilroy, CA 95020-3634
      View Details

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      1.29 Acres

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    Similar Nearby for Lease

    • $2 SF/Yr
      808 SF

      Gilroy Office Space For Rent

      Office space for lease in Gilroy, available Q2 2025.
      8000 Santa Teresa Blvd, Gilroy, CA 95020
      View Details
    • $2.00 SF/Yr
      1,440 SF

      Professional Office Space Available

      Lease professional office space with reception and open area.
      7888 Wren Ave, Gilroy, CA 95020
      View Details
    • $1.85 SF/Yr
      2,000 SF

      Former Dental Office Space

      2,000 SF former dental office available for lease.
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      View Details
    • $2.00 SF/Yr
      750 SF

      Downtown Gilroy Office Space Available

      750 SF office space in downtown Gilroy for lease.
      60 4Th St, Gilroy, CA 95020
      View Details
    • $2 SF/Yr
      684 SF

      Prestigious Gilroy Office Park

      Class A office space in a centrally located mixed-use complex.
      8050-8080 Santa Teresa Blvd, Gilroy, CA 95020
      View Details
    • $1.80 SF/Yr
      6,120 SF

      Gilroy Office Space For Rent

      Office space available in a centrally located Gilroy business park.
      7855-7951 Wren Ave, Gilroy, CA 95020
      View Details
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    8050 Santa Teresa Blvd
    Gilroy, CA 95020-3862
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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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