Three-Bay Flex
New
For Sale
$1,999,888
807 Industrial Drive, Hollister, CA 95023
Renovated interiors and bay-specific heating and ventilation serve a versatile commercial layout.
Property Size9,000 SF
Price / SF$222.21
Days on Market5
Property Features for 807 Industrial Drive
General Information
Standard status
Active
Size
9,000 SF
Total Parking Spaces
15
Property subtype
Commercial
Warehouse & Industrial
Power
400 amps
Sprinkler System
Yes
Cold Storage
Yes
Additional Details
Utilities to Site
Yes
Amenities
security system
Central air
Fenced Yard
Metal Roof
Central Air Cooling
Concrete Flooring
Gas Central Forced Air Heat Heating
Guest Parking
Laminate Flooring
Off Street Parking
On Street
Parking Area
Room for Oversized Vehicle
Tile Flooring
Uncovered Parking
Wheelchair Access
Building Details
Year Built
1987
Listing Agency:
NINO REAL ESTATE
(831) 637-0111
Listed By:
JASON NOBLE · License #01010866
(831) 801-3210
Source:
Corcoran
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:51AM
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 NINO REAL ESTATE
Investment Insights
Based on property information with market context.
This 9,000-square-foot flex property in Hollister contains three bays, each with a 14-foot roll-up door. Improvements include renovated interiors, upgraded bathrooms, LED lighting, a fire sprinkler system, and ADA-compliant features. Each bay has a new heating system and high-CFM ventilation. The building also includes walk-in refrigeration units, a water-heater system, and compressed-air distribution. Electrical service totals 400 amps across two 200-amp panels, with two electrical meters and one gas meter; additional gas-meter connections are present.
The property was built in 1987, and the parking area has been repaved. On-site parking accommodates 15 vehicles. Security features include high-definition cameras and an alarm system. The building previously housed two tenants.
The property was built in 1987, and the parking area has been repaved. On-site parking accommodates 15 vehicles. Security features include high-definition cameras and an alarm system. The building previously housed two tenants.
Key Highlights
- 9,000‑square‑foot flex property with three bays
- Three 14‑foot roll‑up doors, one serving each bay
- 400‑amp service with two 200‑amp panels; two electrical meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,409
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,648,180
$3.6M
Cap Rate 7%
$2,605,843
$2.6M
Cap Rate 9%
$2,026,767
$2.0M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$232.2K $25.80/SF
− Vacancy
−$17.6K −$1.96/SF
EGI
$214.6K $23.84/SF
− OpEx
−$32.2K −$3.58/SF
NOI
$182.4K $20.27/SF
Area
San Benito County, CA
Vacancy
7.58%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,648,180
Cap Rate 7%
$2,605,843
Cap Rate 9%
$2,026,767
Alternative Uses
Best Use
Warehouse
$2.61M
$2.28M – $3.04M
NOI $182,409 @ 7.0% cap · market cap 9.12%
Second Best
Industrial
$2.15M
$1.88M – $2.50M
NOI $150,219 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$5.43M
$4.75M – $6.34M
NOI $380,341 @ 7.0% cap · market cap 19.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated interiors and bay-specific heating and ventilation serve a versatile commercial layout.
Where is this flex space located?
The property is located at 807 Industrial Drive Hollister, CA.
What is the asking price?
The asking price for this property is $1,999,888.
What are key features of this property?
This property features: 9,000‑square‑foot flex property with three bays; Three 14‑foot roll‑up doors, one serving each bay; 400‑amp service with two 200‑amp panels; two electrical meters
