Back to Search
Property profile & analytics
FOR LEASE
Manufacturing properties
2401 Bert Dr Hollister, CA 95023-2526
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-1808782
For Lease
$11.40 SF/Yr
2401 Bert Dr, Hollister, CA 95023-2526
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
179,853 SF
Lot
8.13 ac (354,142 SF)
APN
051-140-016-000
UPID
US10-1808782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Sonoco Industrial Manufacturer Factory
-
On Time Services Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.42M
Blend (final)
Blend
$29.05M
Owner & transaction history
Grants To Stag Ca Holdings LP · 4 yrs held
Grants To Stag Ca Holdings LP
since 2022
Last sale
$29.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$30.3M
+36.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hollister submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hollister submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$27,730,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,165,000
Current use
APARTMENT HOUSE (5+ UNITS)
$30,300,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$29.05M
Range $26.14M – $31.95M · ±10% · vs last sale $29.51M (Jun 9 2022)
Last sale anchor
$29.51M
Jun 9 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$161 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$365,989
Tax year 2024
Assessed value
$30,702,204
Assessed 2024
Previous assessed
$30,702,204
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$7,282,800
Assessed improvement
$23,419,404
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1998
Heating
FORCED AIR
Total area
179,853 SF
Lot
8.13 ac (354,142 SF)
APN
051-140-016-000
UPID
US10-1808782
Jurisdiction
SAN BENITO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$22.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
FORCED AIR
Lot
8.13 ac
Current owner
From public records · entity-resolved
Grants To Stag Ca Holdings LP
Entity
Mailing address
1 FEDERAL ST FL #23, BOSTON, MA 02110-2013
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
$29,510,000
Grants To Stag Ca Holdings LP
2401 Bert Hollister LLC
Grant Deed
—
Dec 20, 2021
—
Bert Hollister LLC
—
Deed
related
$8,200,000 · Sunwest Bank
Apr 24, 2020
—
2401 Bert Hollister LLC
—
Deed
related
$8,000,000 · Rra Capital Management LLC
Jun 11, 2019
—
2401 Bert Hollister LLC
—
Deed
related
$5,000,000 · Other Institutional Lenders
Mar 6, 2019
—
2401 Bert Hollister LLC
—
Deed
related
$500,000 · Other Institutional Lenders
Sep 5, 2013
—
2401 Bert Hollister LLC
2401 Bert LLC
Grant Deed
$22,200,000 · Jefferies Loancore LLC
Apr 17, 2008
—
2401 Bert LLC
Morgan,daniel H
Grant Deed
—
Oct 19, 2007
—
Daniel H Morgan
—
Deed Of Trust
related
$2,000,000 · Circle Bank
Sep 7, 2007
—
Daniel H Morgan
Tower Assets LLC
Grant Deed
$7,900,000 · Fremont Bank
Jan 31, 2005
—
Tower Assets LLC
Tower Investments LLC
Quit Claim Deed
$6,750,000 · Bank Of The West
Apr 3, 2002
—
Carmel River LLC
Panattoni Trust
Quit Claim Deed
related
—
—
—
2401 Bert LLC
—
Deed Of Trust
related
—
—
—
2401 Bert LLC
—
Deed Of Trust
related
$2,525,000 · Fremont Bank
—
—
Daniel H Morgan
—
Deed Of Trust
related
$7,700,000 · Fremont Bank
—
—
2401 Bert Hollister LLC
—
Deed Of Trust
related
$500,000 · Other Institutional Lenders
—
—
2401 Bert LLC
—
Deed Of Trust
related
—
—
—
2401 Bert Hollister LLC
—
Loan Modification
related
$5,000,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
