Downtown Commercial Property with
For Sale
$749,000
113 N HOLLADAY, Seaside, OR 97138
Versatile commercial property in downtown location with parking spaces.
Property Size2,019 SF
Lot Size0.18 Acres
Price / SF$370.98
Days on Market153
Property Features for 113 N HOLLADAY
General Information
Standard status
Active
Size
2,019 SF
Lot size
0.18 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,663
Amenities
Composition Roof
Forced Air 90 Heating
Off Street
Paved
Building Details
Year Built
1940
Listing Agency:
WINDERMERE REALTY TRUST
(503) 738-8522
Listed By:
JODY CONSER · License #201237903
Source:
Corcoran
Added: Mar 13
Changed: Aug 10
Last Checked: Aug 12 at 6:55AM
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 WINDERMERE REALTY TRUST
Investment Insights
Based on property information with market context.
This well-maintained and updated commercial property is located in the heart of downtown. The property offers versatility and business possibilities. The current owner has invested in modern upgrades. The property is move-in ready. It features a prime downtown location with visibility and accessibility, complemented by 9 dedicated parking spaces. There is also a spacious garage for additional parking, secure storage, or operational use. Zoning accommodates a range of professional and commercial uses, making it suitable for medical or dental offices, legal or accounting practices, wellness and beauty services, retail boutique or showroom, restaurant or café, and other ventures. The property size is 2019 square feet.
Key Highlights
- Prime downtown location with excellent visibility and accessibility.
- 9 dedicated parking spaces, a valuable asset in a downtown area.
- Zoning accommodates a wide range of professional and commercial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,023
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,460
$620.5K
Cap Rate 7%
$443,186
$443.2K
Cap Rate 9%
$344,700
$344.7K
Market Conditions
NOI Build-Up for 2,019 SF
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.
Gross rent
$65.2K $32.28/SF
− Vacancy
−$20.9K −$10.33/SF
EGI
$44.3K $21.95/SF
− OpEx
−$13.3K −$6.59/SF
NOI
$31.0K $15.37/SF
Area
Clatsop County, OR
Vacancy
32.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,460
Cap Rate 7%
$443,186
Cap Rate 9%
$344,700
Alternative Uses
Best Use
Retail
$443.2K
$387.8K – $517.1K
NOI $31,023 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.0K
$513.6K – $684.9K
NOI $41,091 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
108k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 33%
Shops & Services 26%
Electronics 1%
Safeway
Groceries
34,628 visits/mo
0.4 miles
McDonald's
Dining
18,643 visits/mo
0.5 miles
Chevron
Shops & Services
11,940 visits/mo
0.1 miles
Starbucks
Dining
11,112 visits/mo
0.4 miles
Shell
Shops & Services
10,329 visits/mo
0.2 miles
Demographics for 97138, OR
11,248
Population
7,785
Households
1.4
Avg Household Size
48
Median Age
28%
College-Educated
92%
High-School Grad
146.0 sq mi
ZIP Area
77
Density / Sq Mi
$51,993
Median Household Income
$39,285
Median Earnings
$1,004
Median Rent
$433,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Seaside Florist — 1803 N Roosevelt Dr, Seaside, OR 97138
- Marie's Flowers — 300 S Roosevelt Dr #2, Seaside, OR 97138
Frequently Asked Questions
What type of property is this?
Storefront property - Versatile commercial property in downtown location with parking spaces.
Where is this storefront property located?
The property is located at 113 N HOLLADAY Seaside, OR.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Prime downtown location with excellent visibility and accessibility.; 9 dedicated parking spaces, a valuable asset in a downtown area.; Zoning accommodates a wide range of professional and commercial uses.
