Flex Warehouse
837 Industrial #2 Hollister, CA 95023
837 Industrial #2, Hollister, CA, 95023
$269,000
For Sale
$269,000
10-unit commercial condominium features an open warehouse/work area with a private office, restroom, and upstairs office space.
Property Size1,000 SF
Price / SF$269
Days on Market10
Property Features for 837 Industrial #2
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1983
Listing agency
INTERO REAL ESTATE SERVICES
(831) 637-2112
Listed by
FERREIRA-KUNZ GROUP · License #70010176
Source
Corcoran
Added: Jul 12 Updated: Jul 20 at 6:03PM Checked: Jul 21 at 5:42AM
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
Investment Insights
Based on property information with market context.
This flex warehouse condominium is part of a 10-unit commercial condominium in Hollister and is designed to combine office support with functional warehouse space. The main level includes an open warehouse/work area with an approximately 20-foot ceiling, a 12-foot roll-up door for loading and access, a private office, and a restroom. Upstairs offers additional office space with two private offices to support administration and client meetings.
The unit is equipped with 200-amp, 3-phase, 120/208-volt electrical service, and the HOA includes a master water meter to simplify utility management.
Convenient access is provided to Highway 25 and Highway 156, along with nearby local businesses, restaurants, banking, and government services.
The unit is equipped with 200-amp, 3-phase, 120/208-volt electrical service, and the HOA includes a master water meter to simplify utility management.
Convenient access is provided to Highway 25 and Highway 156, along with nearby local businesses, restaurants, banking, and government services.
Key Highlights
- 10‑unit commercial condominium in Hollister (year built 1983).
- Main level includes open warehouse/work area with approx 20‑foot ceiling, plus private office and restroom.
- 12‑foot roll‑up door provides loading and access to the warehouse/work area.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $25.80 |
| − Vacancy | −$2.0k | −$1.96 |
| EGI | $23.8k | $23.84 |
| − OpEx | −$3.6k | −$3.58 |
| NOI | $20.3k | $20.27 |
1,000 SF · lease $25.80/SF/yr · vacancy 7.58% · expense 15.00%
Alternative Uses
Best Use
Office B
$502.6K
$439.7K – $586.3K
NOI $35,179 @ 7.0% cap · market cap 13.08%
Second Best
Warehouse
$289.5K
$253.4K – $337.8K
NOI $20,268 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$603.7K
$528.3K – $704.3K
NOI $42,260 @ 7.0% cap · market cap 15.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Gold Coast Electric ...
Electrical Service
The Bounce Company
Party Supply Store
Heaven's Best Carpet ...
Upholstery Cleaning Service
BAY AREA GOLF ...
Golf Cart Dealer
Cal Floors Inc
General Contractor
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FAQs
What type of property is this?
Flex space - 10-unit commercial condominium features an open warehouse/work area with a private office, restroom, and upstairs office space.
Where is this flex space located?
The property is located at 837 Industrial #2 Hollister, CA.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: 10‑unit commercial condominium in Hollister (year built 1983).; Main level includes open warehouse/work area with approx 20‑foot ceiling, plus private office and restroom.; 12‑foot roll‑up door provides loading and access to the warehouse/work area.
