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    Versatile Income-Producing Equestrian/Agricultural Estate Title is generated by Realmo AI

    804 Comstock Road, Hollister, CA 95023

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    For Sale
    $2,499,000

    22-acre estate with equestrian facilities and income-producing olive orchard.

    Type:Land or Vacant Lot
    Property size:
    2,425 SF
    Lot size:
    22.00 Acres
    Price / SF:
    $1,030/SF
    Added:
    Sep 18, 2025
    Days on Market:
    261
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 804 Comstock Road

    General Information

    Standard status
    Active
    Size
    2,425 SF
    Lot size
    22.00 Acres
    Property subtype
    Land or Vacant Lot

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    CARLY JO BRIGANTINO

    Listing agent CARLY JO BRIGANTINO

    Listing office INTERO REAL ESTATE SERVICES

    Listing date Sep 18, 2025

    Source Corcoran

    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 INTERO REAL ESTATE SERVICES

    HighLights

    • 22+ acre DEER‑FENCED property suitable for equestrian, agricultural, or rural lifestyle pursuits.
    • Income‑producing 12+ acre olive orchard with Arbequina and Arbosana trees.
    • Covered arena with sand base, cow truck, cattle run, holding pens, and overhead sprinkler system.
    • Abundant water supply with five wells, including a blue valve with filtration system.
    • Multiple barns: three‑stall barn with tack room/workshop, pole barn, and updated front barn.
    • Two large, fully fenced and irrigated pastures.

    Overview

    This versatile income-producing property is set on just over 22 acres of fully deer-fenced land. Suited for equestrian enthusiasts, agricultural ventures, or those seeking a peaceful rural lifestyle, this estate offers a wealth of features and income-generating potential. The property includes a covered arena with a sand base, complete with a cow truck, cattle run, and holding pens, as well as an overhead sprinkler system to minimize dust. Adjacent are two large, fully fenced and irrigated pastures, ideal for grazing and training. For livestock and equipment needs, there is a three-stall barn plus tack room and workshop, pole barn, and a nicely updated front barn. A standout feature is the income-producing olive orchard, covering just over 12 acres and planted with Arbequina and Arbosana olive trees, known for their high-quality oil production. Water is abundant, with five wells servicing the property, including a blue valve with its own filtration system, and a 500-gallon on-site diesel tank to support operations. The property provides the infrastructure, space, and privacy to bring your dreams to life.
    Property Profile Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Building Supply Auto Repair Shop Gym & Fitness Center Department Store Accounting Firm Garden Center Daycare Center Arcade & Gaming Center Nursing Home (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollister
    County
    San Benito
    State
    California
    Longitude
    -121.359
    Latitude
    36.9258

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    FAQs

    What type of property is this?
    Horse & equestrian property - 22-acre estate with equestrian facilities and income-producing olive orchard.
    Where is this horse & equestrian property located?
    The property is located at 804 Comstock Road Hollister, CA.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: 22+ acre DEER‑FENCED property suitable for equestrian, agricultural, or rural lifestyle pursuits.; Income‑producing 12+ acre olive orchard with Arbequina and Arbosana trees.; Covered arena with sand base, cow truck, cattle run, holding pens, and overhead sprinkler system.
    (831) 637-2112
    We can help!
    Listing Contact
    CARLY JO BRIGANTINO
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    804 Comstock Road, HOLLISTER, CA 95023
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