Turn-Key Childcare Learning
For Sale
$1,150,000
1149 Powell Street, Hollister, CA 95023
Renovated facility with ADA-ready restrooms, updated systems, and playground improvements for childcare or institutional use.
Property Size2,688 SF
Lot Size0.33 Acres
Price / SF$427.83
Days on Market146
Property Features for 1149 Powell Street
General Information
Standard status
Active
Size
2,688 SF
Lot size
0.33 Acres
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Fenced Yard
Yes
Building Details
Year Built
1957
Tenancy
Single
Listing Agency:
Keller Williams Property Team
(408) 665-1052
Listed By:
Raquel Lopez · License #02053719
(408) 665-1052
Source:
Exitrealty
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 10 at 5:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Property Team
Investment Insights
Based on property information with market context.
This turn-key childcare learning facility includes a 2,688 sq ft building on a 14,262 sq ft parcel and has undergone extensive renovations and improvements. Interior updates include new flooring throughout and multiple bathroom renovations with ADA improvements. Property upgrades also include electrical upgrades, plumbing improvements, and exterior building repairs and paint, along with energy-efficient windows and added security fencing. The improvements package is rounded out by playground improvements and installed safety systems.
The property is located adjacent to Hollister High School. It is offered for sale, and the current configuration supports a learning-focused environment.
While the site is currently operating as a childcare learning facility, the property is described as having flexible potential for childcare, educational, office, or institutional uses. Buyers should verify zoning, square footage, and permitted uses as part of their due diligence before planning any change of use or tenant improvements.
The property is located adjacent to Hollister High School. It is offered for sale, and the current configuration supports a learning-focused environment.
While the site is currently operating as a childcare learning facility, the property is described as having flexible potential for childcare, educational, office, or institutional uses. Buyers should verify zoning, square footage, and permitted uses as part of their due diligence before planning any change of use or tenant improvements.
Key Highlights
- 2,688 sq ft commercial building on a 14,262 sq ft parcel adjacent to Hollister High School
- Renovations include ADA improvements with multiple bathroom renovations
- New flooring throughout plus electrical upgrades and plumbing improvements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,891,220
$1.9M
Cap Rate 7%
$1,350,871
$1.4M
Cap Rate 9%
$1,050,678
$1.1M
Market Conditions
NOI Build-Up for 2,688 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$150.6K $56.04/SF
− Vacancy
−$24.6K −$9.13/SF
EGI
$126.1K $46.91/SF
− OpEx
−$31.5K −$11.73/SF
NOI
$94.6K $35.18/SF
Area
San Benito County, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,891,220
Cap Rate 7%
$1,350,871
Cap Rate 9%
$1,050,678
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,561 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,595 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95023, CA
56,973
Population
18,043
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
83%
High-School Grad
394.8 sq mi
ZIP Area
144
Density / Sq Mi
$108,156
Median Household Income
$47,362
Median Earnings
$1,908
Median Rent
$740,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Hollister Presbyterian Co-Op Preschool — 2066 San Benito St, Hollister, CA 95023
- Christ Fellowship — 2066 San Benito St, Hollister, CA 95023
- Little Golden Wings — 1960 Nora Dr, Hollister, CA 95023
Frequently Asked Questions
What type of property is this?
Day care center - Renovated facility with ADA-ready restrooms, updated systems, and playground improvements for childcare or institutional use.
Where is this day care center located?
The property is located at 1149 Powell Street Hollister, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,688 sq ft commercial building on a 14,262 sq ft parcel adjacent to Hollister High School; Renovations include ADA improvements with multiple bathroom renovations; New flooring throughout plus electrical upgrades and plumbing improvements
