Downtown Hollister Mixed-Use
For Sale
$1,300,000
721 Monterey Street, Hollister, CA 95023
Mixed-use property with residential and commercial space in downtown Hollister.
Property Size1,888 SF
Price / SF$688.56
Days on Market498
Property Features for 721 Monterey Street
General Information
Standard status
Active
Size
1,888 SF
Building Details
Year Built
1915
Listing Agency:
KELLER WILLIAMS PROPERTY TEAM
Listed By:
RAQUEL LOPEZ
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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
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Investment Insights
Based on property information with market context.
This mixed-use property in downtown Hollister offers both residential and commercial space. The upstairs residential unit features 3 bedrooms, 2 bathrooms, a spacious family room, and a full kitchen. Downstairs is commercial office space that includes 5 private office rooms, 1 full bath, and 2 half baths. The property has been recently renovated and is move-in ready. It is suitable for a variety of professional uses such as accounting, legal, finance, real estate, counseling, or dispatching. The property provides on-site living quarters, offering a work-from-home solution. The building has a total size of 1888 square feet.
Key Highlights
- Mixed‑Use Property: Featuring a 3 bed, 2 bath residence and commercial space with 5 offices, 1 full bath, and 2 half baths.
- Move‑In Ready: Recently renovated and in turn‑key condition.
- Prime Location: Enjoy the convenience and accessibility of a downtown location.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,418
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,360
$1.3M
Cap Rate 7%
$948,829
$948.8K
Cap Rate 9%
$737,978
$738.0K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$105.8K $56.04/SF
− Vacancy
−$17.2K −$9.13/SF
EGI
$88.6K $46.91/SF
− OpEx
−$22.1K −$11.73/SF
NOI
$66.4K $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 Rate 5%
$1,328,360
Cap Rate 7%
$948,829
Cap Rate 9%
$737,978
Alternative Uses
Best Use
Office B
$948.8K
$830.2K – $1.11M
NOI $66,418 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$512.7K
$448.6K – $598.1K
NOI $35,887 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.14M
$997.3K – $1.33M
NOI $79,787 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,225
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 Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial space in downtown Hollister.
Where is this mixed-use property located?
The property is located at 721 Monterey Street Hollister, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑Use Property: Featuring a 3 bed, 2 bath residence and commercial space with 5 offices, 1 full bath, and 2 half baths.; Move‑In Ready: Recently renovated and in turn‑key condition.; Prime Location: Enjoy the convenience and accessibility of a downtown location.
