Seaside Restaurant and Business
For Sale
$1,900,000
210 S Holladay Dr, Seaside, OR 97138
Profitable restaurant business and property for sale near downtown.
Property Size5,900 SF
Days on Market167
Property Features for 210 S Holladay Dr
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Retail
Building Details
Building Size
5,900 SF
Year Built
1961
Listing Agency:
Norris & Stevens
(503) 225-8492
Listed By:
Raymond Duchek · License #970300314
Source:
Tcnworldwide
Added: Mar 6
Changed: Aug 19
Last Checked: Aug 20 at 5:57AM
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 Norris & Stevens
Investment Insights
Based on property information with market context.
The property and business, Bagels by the Sea, are for sale. The business generates $1 million in gross sales annually. Financial details are available from the broker. The property is located in Seaside, approximately one and a half blocks from Broadway, and is in close proximity to downtown tourist attractions and hotels. Seaside attracts approximately 1.7 million visitors per year. The exterior has been recently remodeled. The property includes an operational drive-through and a large off-street parking area. The zoning is C4 (Central Commercial), offering flexible usage. The property is a potential long-term development site.
Key Highlights
- Established "Bagels by the Sea" business generating $1 million in gross sales.
- Desirable Seaside location, just 1 1/2 blocks from Broadway, near tourist attractions and hotels.
- Operational drive‑through for customer convenience.
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
$90,655
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
4.77%
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%
$1,813,100
$1.8M
Cap Rate 7%
$1,295,071
$1.3M
Cap Rate 9%
$1,007,278
$1.0M
Market Conditions
NOI Build-Up for 5,900 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
$190.5K $32.28/SF
− Vacancy
−$60.9K −$10.33/SF
EGI
$129.5K $21.95/SF
− OpEx
−$38.9K −$6.59/SF
NOI
$90.7K $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%
$1,813,100
Cap Rate 7%
$1,295,071
Cap Rate 9%
$1,007,278
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,655 @ 7.0% cap · market cap 4.77%
Second Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,456 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,077 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
123k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 34%
Dining 29%
Shops & Services 25%
Home Improvements & Furnishings 5%
Safeway
Groceries
34,628 visits/mo
0.2 miles
McDonald's
Dining
18,643 visits/mo
0.1 miles
Chevron
Shops & Services
11,940 visits/mo
0.4 miles
Starbucks
Dining
11,112 visits/mo
0.1 miles
Shell
Shops & Services
10,329 visits/mo
0.3 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
- Finn's Fish House — 227 Broadway St, Seaside, OR 97138
- A Day Cafe — 1480 s roosevelt dr, seaside, or 97138
- Summer House Bed and Breakfast Inn — 1221 N Franklin St, Gearhart, OR 97138
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Profitable restaurant business and property for sale near downtown.
Where is this breakfast & diner located?
The property is located at 210 S Holladay Dr Seaside, OR.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Established "Bagels by the Sea" business generating $1 million in gross sales.; Desirable Seaside location, just 1 1/2 blocks from Broadway, near tourist attractions and hotels.; Operational drive‑through for customer convenience.
