Commercial Land With Existing
For Sale
$2,090,000
1801 Catalina St, Seaside, CA 93955
Improved commercial site with office, storage, and garage components under month-to-month occupancy arrangements.
Property Size7,632 SF
Price / SF$273.85
Days on Market57
Property Features for 1801 Catalina St
General Information
Standard status
Active
Size
7,632 SF
Building Details
Year Built
1988
Listing Agency:
Douglas Elliman of California, Inc.
(831) 915-6879
Listed By:
Kathleen McCrystal · License #01463899
Source:
Myfabuloushome
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 25 at 5:13AM
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 Douglas Elliman of California, Inc.
Investment Insights
Based on property information with market context.
This commercial land offering includes an existing multi-tenant structure built in 1988. The improvements contain five office suites, six upper-level storage units, four ground-level garage bays, one bay with accessory office space, and two additional storage units. The property encompasses 7,632 square feet and is configured for a mix of office, storage, and garage functions.
Most spaces are leased on a month-to-month basis, providing an existing occupancy profile while preserving flexibility for future planning. Preliminary discussions have included a six-story residential concept with two parking levels and four residential levels, including a possible combination of market-rate and affordable units. Additional planning discussions have addressed site access and circulation involving portions of bordering dead-end streets.
Most spaces are leased on a month-to-month basis, providing an existing occupancy profile while preserving flexibility for future planning. Preliminary discussions have included a six-story residential concept with two parking levels and four residential levels, including a possible combination of market-rate and affordable units. Additional planning discussions have addressed site access and circulation involving portions of bordering dead-end streets.
Key Highlights
- 7,632‑square‑foot commercial property with existing improvements
- Five office suites and six upper‑level storage units
- Four ground‑level garage bays, including one with accessory office space
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
$107,153
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
5.13%
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%
$2,143,060
$2.1M
Cap Rate 7%
$1,530,757
$1.5M
Cap Rate 9%
$1,190,589
$1.2M
Market Conditions
NOI Build-Up for 7,632 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
$183.2K $24.00/SF
− Vacancy
−$40.3K −$5.28/SF
EGI
$142.9K $18.72/SF
− OpEx
−$35.7K −$4.68/SF
NOI
$107.2K $14.04/SF
Area
Monterey County, CA
Vacancy
22.00%
Lease Rate
$24.00 /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%
$2,143,060
Cap Rate 7%
$1,530,757
Cap Rate 9%
$1,190,589
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,153 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.91M
$2.55M – $3.40M
NOI $203,990 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Improved commercial site with office, storage, and garage components under month-to-month occupancy arrangements.
Where is this commercial land located?
The property is located at 1801 Catalina St Seaside, CA.
What is the asking price?
The asking price for this property is $2,090,000.
What are key features of this property?
This property features: 7,632‑square‑foot commercial property with existing improvements; Five office suites and six upper‑level storage units; Four ground‑level garage bays, including one with accessory office space
