Commercial Office Building For
1010 3RD Seaside, OR 97138
1010 3RD, Seaside, OR, 97138
$485,000
For Sale
$485,000
Commercial office building with long-term tenant in prime location.
Property Size1,755 SF
Lot Size0.21 Acres
Price / SF$276.35
Days on Market221
Property Features for 1010 3RD
General Information
- Standard status
- Active
- Size
- 1,755 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
KELLER WILLIAMS SUNSET CORRIDOR
(503) 338-5200
Listed by
DAVID HOGGARD · License #200306004
Source
Corcoran
Added: Dec 12, 2025 Updated: Jul 6 at 9:53 am Checked: Jul 19 at 3:59 am
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 KELLER WILLIAMS SUNSET CORRIDOR
Investment Insights
Based on property information with market context.
This commercial office building is located in a prime location on Hwy 101 and features ample parking. The property is currently occupied by a long-term tenant with leases expiring in 2029. The property size is 1755 square feet.
Key Highlights
- Prime location on Hwy 101
- Long term tenant in place
- Leases expire in 2029
Local Financial Insights For Office B
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 | $46.3k | $26.40 |
| − Vacancy | −$7.0k | −$4.01 |
| EGI | $39.3k | $22.39 |
| − OpEx | −$9.8k | −$5.60 |
| NOI | $29.5k | $16.79 |
1,755 SF · lease $26.40/SF/yr · vacancy 15.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$421.0K
$368.3K – $491.1K
NOI $29,467 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$510.3K
$446.5K – $595.3K
NOI $35,718 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Commercial office building with long-term tenant in prime location.
Where is this office building located?
The property is located at 1010 3RD Seaside, OR.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Prime location on Hwy 101; Long term tenant in place; Leases expire in 2029
