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18491 Monterey Rd - The Gates, 18459-18491 Monterey Rd 626 - 1,340 SF Office/Retail Condo Units Offered at $552,439 - $1,313,947 CAD Per Unit in Morgan Hill, CA 95037
Executive Summary
The Gates is a brand-new mixed-use development located along Monterey Road in Morgan Hill, featuring five newly constructed commercial condominiums totaling 3,924 SF. The units are available individually or together and offer flexible opportunities for owner-users and investors. 626–1,340 SF commercial condos On-site parking Prominent Monterey Road frontage Brand-new construction Available individually or together Cold shell and fully built-out options PUD zoning Flexible retail, restaurant, medical, fitness, office, salon, and service uses Adjacent to Starbucks and established neighborhood retail Located within a new 49-unit residential development
Data Room Click Here to Access
- Offering Memorandum
5 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User |
| Sale Type | Investment or Owner User |
Description
Unit C1 | 18491 Monterey Rd | 628 SF | $449,000
Corner Unit
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
Corner Unit
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
| Sale Type | Investment or Owner User | APN/Parcel ID | 764-10-015 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
Description
C2 - 18483 Monterey Rd | 665 SF | $399,000
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
| Sale Type | Investment or Owner User | APN/Parcel ID | 764-10-015 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
Description
C3 - 18475 Monterey Rd | 626 SF | $399,000
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
| Sale Type | Investment or Owner User | APN/Parcel ID | 764-10-015 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
Description
C4 - 18467 Monterey Rd | 665 SF | $399,000
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
Cold shell delivery
Available individually or together
ADA restroom included
200 Amp, 3-phase electrical
Fire sprinklers
Separate utility meter
Storefront installed
PUD zoning
Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses
| Sale Type | Investment or Owner User | APN/Parcel ID | 764-10-015 |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
Description
C5 - 18459 Monterey Rd | 1,340 SF | $949,000
Fully built-out commercial condominium with high-end finishes
Corner unit
One private office
ADA restroom
Storefront installed
200 Amp, 3-phase electrical
Fire sprinklers and separate utility meter
Currently used as the development’s leasing office
Seller ideally seeking a 1-year sale-leaseback
PUD zoning
Flexible for a variety of retail, office, medical, and service uses
Fully built-out commercial condominium with high-end finishes
Corner unit
One private office
ADA restroom
Storefront installed
200 Amp, 3-phase electrical
Fire sprinklers and separate utility meter
Currently used as the development’s leasing office
Seller ideally seeking a 1-year sale-leaseback
PUD zoning
Flexible for a variety of retail, office, medical, and service uses
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit C1 | 628 SF | Office/Retail | $621,667 CAD ($989.92 CAD/SF) | - |
| Unit C2 | 665 SF | Office/Retail | $552,439 CAD ($830.74 CAD/SF) | - |
| Unit C3 | 626 SF | Office/Retail | $552,439 CAD ($882.49 CAD/SF) | - |
| Unit C4 | 665 SF | Office/Retail | $552,439 CAD ($830.74 CAD/SF) | - |
| Unit C5 | 1,340 SF | Office/Retail | $1,313,947 CAD ($980.56 CAD/SF) | - |
Unit C1
| Unit Size |
| 628 SF |
| Condo Use |
| Office/Retail |
| Price |
| $621,667 CAD ($989.92 CAD/SF) |
| NOI |
| - |
Unit C2
| Unit Size |
| 665 SF |
| Condo Use |
| Office/Retail |
| Price |
| $552,439 CAD ($830.74 CAD/SF) |
| NOI |
| - |
Unit C3
| Unit Size |
| 626 SF |
| Condo Use |
| Office/Retail |
| Price |
| $552,439 CAD ($882.49 CAD/SF) |
| NOI |
| - |
Unit C4
| Unit Size |
| 665 SF |
| Condo Use |
| Office/Retail |
| Price |
| $552,439 CAD ($830.74 CAD/SF) |
| NOI |
| - |
Unit C5
| Unit Size |
| 1,340 SF |
| Condo Use |
| Office/Retail |
| Price |
| $1,313,947 CAD ($980.56 CAD/SF) |
| NOI |
| - |
1 of 3
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Map
Unit C1
| Unit Size | 628 SF |
| Condo Use | Office/Retail |
| Price | $621,667 CAD ($989.92 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Description | |
|
Unit C1 | 18491 Monterey Rd | 628 SF | $449,000 Corner Unit Cold shell delivery Available individually or together ADA restroom included 200 Amp, 3-phase electrical Fire sprinklers Separate utility meter Storefront installed PUD zoning Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C2
| Unit Size | 665 SF |
| Condo Use | Office/Retail |
| Price | $552,439 CAD ($830.74 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
| Description | |
|
C2 - 18483 Monterey Rd | 665 SF | $399,000 Cold shell delivery Available individually or together ADA restroom included 200 Amp, 3-phase electrical Fire sprinklers Separate utility meter Storefront installed PUD zoning Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses |
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C3
| Unit Size | 626 SF |
| Condo Use | Office/Retail |
| Price | $552,439 CAD ($882.49 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
| Description | |
|
C3 - 18475 Monterey Rd | 626 SF | $399,000 Cold shell delivery Available individually or together ADA restroom included 200 Amp, 3-phase electrical Fire sprinklers Separate utility meter Storefront installed PUD zoning Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C4
| Unit Size | 665 SF |
| Condo Use | Office/Retail |
| Price | $552,439 CAD ($830.74 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
| Description | |
|
C4 - 18467 Monterey Rd | 665 SF | $399,000 Cold shell delivery Available individually or together ADA restroom included 200 Amp, 3-phase electrical Fire sprinklers Separate utility meter Storefront installed PUD zoning Flexible uses including retail, restaurant, medical, salon, fitness, office, and service uses |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit C5
| Unit Size | 1,340 SF |
| Condo Use | Office/Retail |
| Price | $1,313,947 CAD ($980.56 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 764-10-015 |
| Description | |
|
C5 - 18459 Monterey Rd | 1,340 SF | $949,000 Fully built-out commercial condominium with high-end finishes Corner unit One private office ADA restroom Storefront installed 200 Amp, 3-phase electrical Fire sprinklers and separate utility meter Currently used as the development’s leasing office Seller ideally seeking a 1-year sale-leaseback PUD zoning Flexible for a variety of retail, office, medical, and service uses |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 3,296 SF | Typical Floor Size | 3,296 SF |
| Property Type | Retail | Year Built | 2026 |
| Building Class | A | Lot Size | 1.60 AC |
| Floors | 1 | ||
| Zoning | PUD | ||
| Total Building Size | 3,296 SF |
| Property Type | Retail |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 3,296 SF |
| Year Built | 2026 |
| Lot Size | 1.60 AC |
| Zoning | PUD |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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18491 Monterey Rd - The Gates, 18459-18491 Monterey Rd
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