Single-Story Office
1010 3RD Ave Unit 1010 Seaside, OR 97138
For Sale
$485,000
Single-story office building with two tenants, heat pump service, and off-street parking on a 0.21-acre lot.
Property Size1,755 SF
Lot Size0.21 Acres
Price / SF$276.35
Days on Market229
Property Features for 1010 3RD Ave Unit 1010
General Information
- Standard status
- Active
- Size
- 1,755 SF
- Lot size
- 0.21 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1980
Listing Agency:
(503) 440-4670
Listed By:
Keller Williams Sunset Corridor
(503) 440-4670
Source:
Xome
Added: Dec 7, 2025
Changed: Jul 23
Last Checked: Jul 23 at 2:19PM
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 single-story office building was built in 1980 and includes approximately 1,755 square feet of office space. The property is currently occupied by two tenants in separate units, with leases ending August 31, 2026 and April 2028, respectively. The building is served by an efficient heat pump system for year-round comfort and is connected to public water and sewer services.
The property is located at 1010 3rd Avenue in Seaside, Oregon, directly off the Highway 101 corridor. It sits on a 0.21-acre lot and offers ample dedicated off-street parking, an important convenience for clients and employees.
Zoned R2 for commercial use, this office building presents a stable, income-producing configuration with two in-place leases and dedicated parking.
The property is located at 1010 3rd Avenue in Seaside, Oregon, directly off the Highway 101 corridor. It sits on a 0.21-acre lot and offers ample dedicated off-street parking, an important convenience for clients and employees.
Zoned R2 for commercial use, this office building presents a stable, income-producing configuration with two in-place leases and dedicated parking.
Key Highlights
- 1,755‑SF single‑story office building built in 1980 on a 0.21‑acre lot
- Two tenant‑occupied units with lease end dates of Aug 31, 2026 (unit A) and Apr 2028 (unit B)
- Heat pump HVAC system and public water and sewer services connected
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
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Single-story office building with two tenants, heat pump service, and off-street parking on a 0.21-acre lot.
Where is this office units located?
The property is located at 1010 3RD Ave Unit 1010 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: 1,755‑SF single‑story office building built in 1980 on a 0.21‑acre lot; Two tenant‑occupied units with lease end dates of Aug 31, 2026 (unit A) and Apr 2028 (unit B); Heat pump HVAC system and public water and sewer services connected
