Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ocean View Land in Seaside Title is generated by Realmo AI

    8700 S Prom St, Seaside, OR 97138

    View on Map
    Claim this Listing
    For Sale
    $950,000

    LAND - Seaside, OR

    Lot size:
    0.11 Acres
    Added:
    May 23, 2025
    Days on Market:
    378
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 8700 S Prom St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R3
    Standard status
    Active
    APN
    12463
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    HERMOSA PARK LT 11 BLK 22
    Tax Annual Amount
    8837

    Utilities

    Water front features
    Ocean Front
    Water front
    1

    We can help!

    Listing Contact
    Megan Despain

    Listing agent Megan Despain License #201226701

    Listing office Keller Williams Sunset Corridor 115 N 3rd Ave, Hillsboro, OR

    Listing date May 23, 2025

    MLS# 228943787 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Oceanfront property with unobstructed ocean views.
    • Two adjacent lots being sold together, providing ample space.
    • Located steps from the beach and downtown Seaside's shops and restaurants.
    • Desirable, quiet neighborhood location.
    • Opportunity to build a custom home (primary residence or vacation home).
    • Investment potential.

    Overview

    This is a rare opportunity to build an ocean retreat on the Prom in Seaside. Two tandem lots are being sold together, offering a canvas for a coastal dream home. Situated in a quiet, desirable neighborhood just off the Pacific Ocean, the front lot provides ocean views, including vistas of waves and sunsets. The combined lots offer a peaceful, natural setting. Located seconds from the beach and downtown shopping and restaurants of Seaside, this property is suitable for a full-time residence, vacation home, or investment property. The sale includes both TL 8700 & TL 8400, and the tax amount includes both lots combined. The lot size is 0.11 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Seaside
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.931144
    Latitude
    45.987825

    Nearby Similar for Sale

    • $935,400
      3,216 SF

      Seaside Fourplex Investment Opportunity

      Well-maintained fourplex near the beach with strong rental history.
      461 S DOWNING St, Seaside, OR 97138
      View Details
    • $200,000

      Highway Frontage Commercial Land

      Vacant land on Highway 101 in Seaside, Oregon.
      2685 S ROOSEVELT Dr, Seaside, OR 97138
      View Details
    • $950,000

      Seaside Acreage with Highway Frontage

      85+ acres near Seaside with Highway 101 frontage.
      85863 HIGHWAY 101, Seaside, OR 97138
      View Details
    • $2,500,000
      5,133 SF

      Operating Amusement Park on Highway 101

      Income-producing amusement park with highway frontage in Seaside, Oregon.
      2735 S ROOSEVELT, Seaside, OR 97138
      View Details
    • $749,000
      2,019 SF

      Downtown Commercial Property with Parking

      Versatile commercial property in downtown location with parking spaces.
      113 N HOLLADAY, Seaside, OR 97138
      View Details
    • $975,000
      3,520 SF

      Seaside Commercial Building on Highway

      3,520 sq ft commercial building with highway access.
      809 S HOLLADAY, Seaside, OR 97138
      View Details
    • $935,400
      3,216 SF

      Seaside Fourplex Near Beach

      Well-maintained fourplex in downtown Seaside, near beach and river.
      461 South Downing Street, Seaside, OR 97138
      View Details
    • $325,000

      Seaside Buildable Vacant Land

      Vacant buildable lot in Seaside, Oregon, with flexible potential.
      Necanicum Dr, Seaside, OR 97138
      View Details
    • $160,000

      Seaside Land with Ocean Views

      Residential land suitable for duplex development with ocean views.
      Avenue S lot: 29E, Seaside, OR 97138
      View Details
    • $1,125,000
      2,680 SF

      New Leased Retail Investment Property

      NNN leased investment property with corporate backing in thriving tourist town.
      1109 S Holladay Dr, Seaside, OR
      View Details
    • $160,000

      Seaside Land with Ocean Views

      Residential land suitable for duplex development with ocean views.
      Avenue S lot: 29W, Seaside, OR 97138
      View Details
    • $175,000

      Seaside Land Near Turnaround

      5.27 acres near Seaside Turnaround with creek and trails.
      N Wahanna Rd, Seaside, OR 97138
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two desirable lots to build your coastal dream home!
    Where is this residential land & home lot located?
    The property is located at 8700 S Prom St Seaside, OR.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Oceanfront property with unobstructed ocean views.; Two adjacent lots being sold together, providing ample space.; Located steps from the beach and downtown Seaside's shops and restaurants.
    (360) 917-6328
    We can help!
    Listing Contact
    Megan Despain
    Real Estate License ID: 201226701
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8700 S Prom St, Seaside, OR 97138
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!