Hollister Corner Investment
For Sale
$1,000,000
201 5th St, Hollister, CA 95023
Downtown corner property with income potential, requires major renovations.
Property Size1,948 SF
Price / SF$513.35
Days on Market186
Property Features for 201 5th St
General Information
Standard status
Active
Size
1,948 SF
Building Details
Year Built
1935
Listing Agency:
eXp Realty of Northern California, Inc.
Listed By:
Julybeht Ornelas
(831) 444-2149
Source:
Myfabuloushome
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 2:09PM
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 eXp Realty of Northern California, Inc.
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Investment Insights
Based on property information with market context.
This corner property in downtown Hollister presents an investment opportunity. The ground floor is currently leased as a tavern, generating approximately $4,500 per month; however, the building is currently posted as unsafe and not approved for occupancy. The second floor is a work in progress and also posted as unsafe, requiring repairs, inspections, and major renovations. This presents a potential value-add opportunity, subject to buyer verification and satisfaction. The property offers flexibility for commercial use or potential mixed-use redevelopment. Real estate only; the business, liquor license, FF&E, and goodwill are not included. The bike score is 36, indicating it is somewhat bikeable, the walk score is 14, indicating it is car-dependent, and the transit score is 11, indicating minimal transit options. Buyers should use caution during showings, as upper-level access is restricted. All zoning, permits, condition, income, and development potential should be verified by the buyer. The seller and listing agent strongly encourage the buyer to conduct all inspections, investigations, and due diligence prior to closing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,256
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,120
$725.1K
Cap Rate 7%
$517,943
$517.9K
Cap Rate 9%
$402,844
$402.8K
Market Conditions
NOI Build-Up for 1,948 SF
Gross rent
$51.4K $26.40/SF
− Vacancy
−$3.1K −$1.58/SF
EGI
$48.3K $24.82/SF
− OpEx
−$12.1K −$6.20/SF
NOI
$36.3K $18.61/SF
Area
San Benito County, CA
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,120
Cap Rate 7%
$517,943
Cap Rate 9%
$402,844
Alternative Uses
Best Use
Specialty Retail
$517.9K
$453.2K – $604.3K
NOI $36,256 @ 7.0% cap · market cap 3.63%
Second Best
Mixed Use
$480.0K
$420.0K – $560.1K
NOI $33,603 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,323 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,284
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown corner property with income potential, requires major renovations.
Where is this mixed-use property located?
The property is located at 201 5th St Hollister, CA.
What is the asking price?
The asking price for this property is $1,000,000.
