Retail Building in High-Traffic
For Sale
$3,750,000
1260 Fourth St, Hollister, CA 95023
12,750 sq ft commercial building on 0.97-acre lot.
Property Size12,750 SF
Lot Size0.97 Acres
Price / SF$294.12
Days on Market213
Property Features for 1260 Fourth St
General Information
Standard status
Active
Size
12,750 SF
Lot size
0.97 Acres
Building Details
Year Built
1988
Listing Agency:
Coldwell Banker Realty
Listed By:
Elizabeth Callahan
(831) 210-1002
Source:
Myfabuloushome
Added: Mar 31
Changed: Oct 25
Last Checked: Oct 7 at 5:43PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This commercial building offers a prime retail frontage opportunity. The 12,750 sq ft free-standing building is situated on a 0.97-acre lot within a busy, high-traffic shopping center. The clear-span construction provides flexibility for retail and mixed-use operations. The mezzanine level features two large private offices. The main floor includes a warehouse area, two bathrooms, a conference room, and an expansive retail floor. A gated side yard offers additional space for outdoor retail or display. A rear roll-up door allows for efficient truck access and deliveries. The building is equipped with fire sprinklers and is located in a fast-growing neighborhood. The street frontage is slated to be part of the West Gateway Improvement Plan, enhancing visibility and future appeal.
Key Highlights
- High‑traffic location within a busy shopping center.
- 12,750 sq ft free‑standing building on a 0.97‑acre lot.
- Clear‑span construction providing flexible retail/mixed‑use space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$344,397
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,887,940
$6.9M
Cap Rate 7%
$4,919,957
$4.9M
Cap Rate 9%
$3,826,633
$3.8M
Market Conditions
NOI Build-Up for 12,750 SF
Gross rent
$515.6K $40.44/SF
− Vacancy
−$23.6K −$1.85/SF
EGI
$492.0K $38.59/SF
− OpEx
−$147.6K −$11.58/SF
NOI
$344.4K $27.01/SF
Area
San Benito County, CA
Vacancy
4.58%
Lease Rate
$40.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,887,940
Cap Rate 7%
$4,919,957
Cap Rate 9%
$3,826,633
Alternative Uses
Best Use
Office B
$6.41M
$5.61M – $7.48M
NOI $448,534 @ 7.0% cap · market cap 11.96%
Second Best
Retail
$4.92M
$4.30M – $5.74M
NOI $344,397 @ 7.0% cap · market cap 9.18%
Theoretical Best
Office A
$7.70M
$6.74M – $8.98M
NOI $538,816 @ 7.0% cap · market cap 14.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Retail space - 12,750 sq ft commercial building on 0.97-acre lot.
Where is this retail space located?
The property is located at 1260 Fourth St Hollister, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: High‑traffic location within a busy shopping center.; 12,750 sq ft free‑standing building on a 0.97‑acre lot.; Clear‑span construction providing flexible retail/mixed‑use space.
