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7451 Monterey St 2,376 SF 100% Leased Retail Building Gilroy, CA 95020 $1,449,950 ($610.25/SF) 3.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Foot Traffic
- Open and Airy Stylized Space
- Modern and Renovated
EXECUTIVE SUMMARY
2 Buildings on 1 Lot, crown jewel retail/office storefront building located in the most affordable downtown in all of Silicon Valley/Santa Clara, completely renovated, upgraded, retrofitted, turnkey, tastefully designed, up to code, security/surveillance system, this property is a WIN, live/work/play/event center/retail/office, this special property offers many possibilities in a downtown going through a beautiful period of rejuvenation!
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$66,000
|
$27.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,000
|
$27.78
|
| Taxes |
$18,124
|
$7.63
|
| Operating Expenses |
$1,500
|
$0.63
|
| Total Expenses |
$19,624
|
$8.26
|
| Net Operating Income |
$46,376
|
$19.52
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $27.78 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,000 |
| Annual Per SF | $27.78 |
| Taxes | |
|---|---|
| Annual | $18,124 |
| Annual Per SF | $7.63 |
| Operating Expenses | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.63 |
| Total Expenses | |
|---|---|
| Annual | $19,624 |
| Annual Per SF | $8.26 |
| Net Operating Income | |
|---|---|
| Annual | $46,376 |
| Annual Per SF | $19.52 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
2,376 SF
Building Class
C
Year Built
1900
Price
$1,449,950
Price Per SF
$610.25
Cap Rate
3.20%
NOI
$46,398
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.91
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C2 - Retail & Office allowed.
Parking
10 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
30’ on Monterey St
AMENITIES
- 24 Hour Access
- Commuter Rail
- Conferencing Facility
- Courtyard
- Restaurant
- Security System
- Skylights
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Apothecary Vintage Clothing
- Retailer
- -
- -
- Plus Utilities
- Apr 2026
- Lazo Firearm & Consulting
- Retailer
- -
- -
- -
- -
- Sound Studio
- Arts, Entertainment, and Recreation
- 300 SF
- -
- Plus Utilities
- Apr 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Apothecary Vintage Clothing | Retailer | - | - | Plus Utilities | Apr 2026 | |
| Lazo Firearm & Consulting | Retailer | - | - | - | - | |
| Sound Studio | Arts, Entertainment, and Recreation | 300 SF | - | Plus Utilities | Apr 2026 |
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 799-07-055 | Total Assessment | $79,531 |
| Land Assessment | $33,697 | Annual Taxes | $18,124 ($7.63/SF) |
| Improvements Assessment | $45,834 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
799-07-055
Land Assessment
$33,697
Improvements Assessment
$45,834
Total Assessment
$79,531
Annual Taxes
$18,124 ($7.63/SF)
Tax Year
2025
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