Property profile

201 5Th St Hollister, CA 95023

FOR SALE
Bars & Pubs
Property ID
US09-1668086
0.08 ac lot
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial building, located at 201 5th Street in the heart of historic downtown Hollister, California, presents a unique investment opportunity. The 3,900 square foot building sits on a 0.08-acre lot and is currently priced at $900,000, reflecting a recent $100,000 price reduction. The property's prime location on a street lined with historic buildings offers significant visibility and accessibility. The existing structure offers immediate income potential, although the current rental income does not reflect the substantial upside potential. A key feature is the approved second-story development plan. City and fire department inspections have confirmed the feasibility of converting the second floor into residential units, with the potential for up to six studio apartments or four one-bedroom apartments. This presents a significant opportunity to increase rental income and enhance the overall return on investment. The sale includes the building and the land only

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Lot 0.08 ac (3,430 SF)
APN 054-090-007-000
UPID US09-1668086

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

201 5Th St Hollister, CA 95023
Hollister metro Census 400 SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$615k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$635k

Owner & transaction history

since 2021
Last sale
$627,500
7 recorded transactions
2021
$627,500
2020
Price N/A
2019
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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