Seaside Commercial Property For
For Sale
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1523 Del Monte Blvd, Seaside, CA 93955
Commercial property with frontage on Del Monte Blvd in Seaside, CA.
Property Size9,811 SF
Price / SF$356.74
Days on Market688
Property Features for 1523 Del Monte Blvd
General Information
Standard status
Active
Size
9,811 SF
Property subtype
Retail
Zoning
MX-(WBUV)
Occupancy
100%
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Mahoney & Associates
(831) 238-3592
Listed By:
Patrick Stafford · License #01857243
Source:
Crexi
Added: Oct 4, 2024
Changed: Aug 10
Last Checked: Aug 20 at 12:42AM
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 Mahoney & Associates
Investment Insights
Based on property information with market context.
The property at 1523 - 1533 Del Monte Blvd. in Seaside, CA, consists of six parcels and multiple structures. It features approximately 350 feet of frontage on Del Monte Blvd. Currently, there are three month-to-month tenants: two automotive repair businesses and one hair salon. The property is located in the City of Seaside’s West Broadway Urban Village Specific Plan. The property size is 9811 square feet.
Key Highlights
- Approximately 350 feet of frontage on Del Monte Blvd.
- Located in the City of Seaside’s West Broadway Urban Village Specific Plan.
- Consists of six parcels and multiple structures.
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
$142,112
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
4.06%
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%
$2,842,240
$2.8M
Cap Rate 7%
$2,030,171
$2.0M
Cap Rate 9%
$1,579,022
$1.6M
Market Conditions
NOI Build-Up for 9,811 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
$211.9K $21.60/SF
− Vacancy
−$8.9K −$0.91/SF
EGI
$203.0K $20.69/SF
− OpEx
−$60.9K −$6.21/SF
NOI
$142.1K $14.48/SF
Area
Monterey County, CA
Vacancy
4.20%
Lease Rate
$21.60 /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%
$2,842,240
Cap Rate 7%
$2,030,171
Cap Rate 9%
$1,579,022
Alternative Uses
Best Use
Retail
$2.03M
$1.78M – $2.37M
NOI $142,112 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$1.69M
$1.48M – $1.97M
NOI $118,285 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$3.75M
$3.28M – $4.37M
NOI $262,230 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
344k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 22%
Home Improvements & Furnishings 17%
Groceries 12%
In-N-Out Burger
Dining
62,772 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
57,463 visits/mo
0.2 miles
Grocery Outlet Bargain Market
Groceries
24,431 visits/mo
0.5 miles
McDonald's
Dining
23,115 visits/mo
0.0 miles
Staples
Office Supplies
22,032 visits/mo
0.1 miles
Demographics for 93955, CA
32,703
Population
11,150
Households
2.9
Avg Household Size
34
Median Age
28%
College-Educated
81%
High-School Grad
26.3 sq mi
ZIP Area
1,243
Density / Sq Mi
$82,331
Median Household Income
$35,488
Median Earnings
$2,312
Median Rent
$693,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Commercial property with frontage on Del Monte Blvd in Seaside, CA.
Where is this retail property located?
The property is located at 1523 Del Monte Blvd Seaside, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 350 feet of frontage on Del Monte Blvd.; Located in the City of Seaside’s West Broadway Urban Village Specific Plan.; Consists of six parcels and multiple structures.
