Updated Duplex with Separate
For Sale
Contact for pricing
1250 WILMA DR, Hollister, CA 95023
Two refreshed residences offer private outdoor space and separate gas and electric metering.
Property Size2,210 SF
Lot Size0.19 Acres
Price / SF$395.93
Days on Market112
Property Features for 1250 WILMA DR
General Information
Standard status
Active
Size
2,210 SF
Lot size
0.19 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1.5BA
Multifamily Units
2
Amenities
backyard
Building Details
Year Built
1989
Year Renovated
2026
Buildings
1
Stories
2
Units
4
Listing Agency:
San Benito Realty
(831) 207-7646
Listed By:
Michael Brigantino · License #CA 01919753
Source:
Crexi
Added: May 13
Changed: Aug 30
Last Checked: Aug 31 at 1:49PM
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 San Benito Realty
Investment Insights
Based on property information with market context.
This duplex contains 2,210 square feet across two residences, including a three-bedroom, one-and-a-half-bath unit and a two-bedroom, one-and-a-half-bath unit. Built in 1989, the property has received interior and exterior updates, including luxury vinyl plank flooring, carpeting, refreshed countertops and cabinetry, and new paint. Each residence also includes its own backyard.
Gas and electricity are separately metered for the two units. The property sits in central Hollister near schools and shopping, with access to nearby highways. Its two-residence configuration supports separate occupancy and rental arrangements, subject to applicable requirements.
Gas and electricity are separately metered for the two units. The property sits in central Hollister near schools and shopping, with access to nearby highways. Its two-residence configuration supports separate occupancy and rental arrangements, subject to applicable requirements.
Key Highlights
- 2,210‑square‑foot duplex on an approximately 8,200‑square‑foot lot
- Unit mix includes 3 bedrooms and 1.5 baths plus 2 bedrooms and 1.5 baths
- Separate gas and electric meters serve the two residences
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
$49,266
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
5.63%
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%
$985,320
$985.3K
Cap Rate 7%
$703,800
$703.8K
Cap Rate 9%
$547,400
$547.4K
Market Conditions
NOI Build-Up for 2,210 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
$74.3K $33.60/SF
− Vacancy
−$3.9K −$1.75/SF
EGI
$70.4K $31.85/SF
− OpEx
−$21.1K −$9.55/SF
NOI
$49.3K $22.29/SF
Area
San Benito County, CA
Vacancy
5.22%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
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%
$985,320
Cap Rate 7%
$703,800
Cap Rate 9%
$547,400
Alternative Uses
Best Use
Multifamily LT 5
$703.8K
$615.8K – $821.1K
NOI $49,266 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$600.1K
$525.1K – $700.1K
NOI $42,008 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,395 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two refreshed residences offer private outdoor space and separate gas and electric metering.
Where is this duplex located?
The property is located at 1250 WILMA DR Hollister, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 2,210‑square‑foot duplex on an approximately 8,200‑square‑foot lot; Unit mix includes 3 bedrooms and 1.5 baths plus 2 bedrooms and 1.5 baths; Separate gas and electric meters serve the two residences
