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7451 Monterey St 2,376 SF 100% Leased Retail Building Gilroy, CA 95020 $1,997,031 CAD ($840.50 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$90,902
|
$38.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,902
|
$38.26
|
| Taxes |
$24,962
|
$10.51
|
| Operating Expenses |
$2,066
|
$0.87
|
| Total Expenses |
$27,028
|
$11.38
|
| Net Operating Income |
$63,874
|
$26.88
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $90,902 |
| Annual Per SF | $38.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $90,902 |
| Annual Per SF | $38.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,962 |
| Annual Per SF | $10.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,066 |
| Annual Per SF | $0.87 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $27,028 |
| Annual Per SF | $11.38 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,874 |
| Annual Per SF | $26.88 |
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
$1,997,031 CAD
Price Per SF
$840.50 CAD
Cap Rate
3.20%
NOI
$63,905 CAD
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 | $109,668 CAD |
| Land Assessment | $46,466 CAD | Annual Taxes | $24,962 CAD ($10.51 CAD/SF) |
| Improvements Assessment | $63,202 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
799-07-055
Land Assessment
$46,466 CAD
Improvements Assessment
$63,202 CAD
Total Assessment
$109,668 CAD
Annual Taxes
$24,962 CAD ($10.51 CAD/SF)
Tax Year
2025
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