Medical Office Space with
New
For Sale
$749,000
113 N Holladay Dr, Seaside, OR 97138
C3 zoning and nine dedicated parking spaces complement this professional property.
Property Size2,019 SF
Price / SF$370.98
Days on Market4
Property Features for 113 N Holladay Dr
General Information
Standard status
Active
Size
2,019 SF
Total Parking Spaces
9
Property subtype
Commercial
Zoning
C3
Additional Details
Condition
Move-in Ready
Taxes and HOA fees
Annual Taxes
$3,663
Amenities
garage
Building Details
Building Size
2,019 SF
Year Built
1940
Buildings
1
Stories
1
Listing Agency:
Windermere Realty Trust
Listed By:
Jody Conser · License #201237903
(503) 440-0457
Source:
Duanejohnson
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 3:00PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,019-square-foot medical office property was built in 1940 and includes a garage. Its C3 zoning is a key feature of the property’s commercial designation.
Located at 113 N Holladay Dr in Seaside, the property has nine dedicated parking spaces. The garage provides an additional on-site space associated with the building.
Located at 113 N Holladay Dr in Seaside, the property has nine dedicated parking spaces. The garage provides an additional on-site space associated with the building.
Key Highlights
- 2,019‑square‑foot medical office property
- Built in 1940
- C3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,900
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,000
$678.0K
Cap Rate 7%
$484,286
$484.3K
Cap Rate 9%
$376,667
$376.7K
Market Conditions
NOI Build-Up for 2,019 SF
Gross rent
$53.3K $26.40/SF
− Vacancy
−$8.1K −$4.01/SF
EGI
$45.2K $22.39/SF
− OpEx
−$11.3K −$5.60/SF
NOI
$33.9K $16.79/SF
Area
Clatsop County, OR
Vacancy
15.20%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,000
Cap Rate 7%
$484,286
Cap Rate 9%
$376,667
Alternative Uses
Best Use
Office B
$484.3K
$423.8K – $565.0K
NOI $33,900 @ 7.0% cap · market cap 4.53%
Second Best
Healthcare Medical
$396.6K
$347.0K – $462.7K
NOI $27,759 @ 7.0% cap · market cap 3.71%
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
979
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Medical Office Space - C3 zoning and nine dedicated parking spaces complement this professional property.
Where is this medical office space located?
The property is located at 113 N Holladay Dr 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: 2,019‑square‑foot medical office property; Built in 1940; C3 zoning
