Retail Space with
For Sale
$749,000
113 N HOLLADAY Dr, Seaside, OR 97138
CommercialSale, Seaside, OR
Property Size2,019 SF
Lot Size0.18 Acres
Price / SF$370.98
Days on Market167
Property Features for 113 N HOLLADAY Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3
Directions
Highway 101, turn West on 2nd Ave, property is on the corner of 2nd and Holladay.
Subdivision
_184
Standard status
Active
APN
11537
Size
2,019 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
OCEAN GROVE 1ST ADD LT 21, 22 BLK 4
Tax Annual Amount
3663
Legal Description
OCEAN GROVE 1ST ADD LT 21, 22 BLK 4
Utilities
Heating system
Forced Air
Amenities
garage
Building Details
Year built
1940
Floors in Building
1
Building materials
LapSiding, MetalSiding
Roof type
Composition
Listing Agency:
Windermere Realty Trust · Windermere Real Estate
(503) 738-8522
Listed By:
Jody Conser · License #201237903
(503) 440-0457
Added: Mar 13
Changed: Aug 25
Last Checked: Aug 26 at 4:06AM
MLS# 109242056
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.
Investment Insights
Based on property information with market context.
This 2,019-square-foot retail property occupies a 0.18-acre site and includes a garage that can support parking, storage, or operational needs. The building dates to 1940 and features lap and metal siding, forced-air heating, and a composition roof. Nine dedicated parking spaces are also provided.
Located at 113 N Holladay Dr in downtown Seaside, the property offers a central commercial setting within Clatsop County. The source information identifies potential applications including medical or dental offices, legal or accounting practices, wellness and beauty services, boutique retail, and restaurant or café use, subject to applicable zoning requirements. The property is designated C3.
Located at 113 N Holladay Dr in downtown Seaside, the property offers a central commercial setting within Clatsop County. The source information identifies potential applications including medical or dental offices, legal or accounting practices, wellness and beauty services, boutique retail, and restaurant or café use, subject to applicable zoning requirements. The property is designated C3.
Key Highlights
- 2,019 square feet of retail space on a 0.18‑acre site
- C3 zoning
- 9 dedicated parking spaces
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
$33,900
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
4.53%
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%
$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
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
$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 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%
$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
Retail
$443.2K
$387.8K – $517.1K
NOI $31,023 @ 7.0% cap · market cap 4.14%
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
979
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - C3-zoned commercial property with dedicated parking and an additional garage.
Where is this retail 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 feet of retail space on a 0.18‑acre site; C3 zoning; 9 dedicated parking spaces
