Multi-Tenant Retail
For Sale
$2,975,000
224 Main, Seal Beach, CA 90740
Three two-level spaces support retail and office uses, with dedicated parking and outdoor areas for customer activity.
Property Size3,832 SF
Price / SF$776.36
Days on Market193
Property Features for 224 Main
General Information
Standard status
Active
Size
3,832 SF
Total Parking Spaces
17
Property subtype
Retail
Occupancy
100%
Additional Details
Frontage
63 ft
Amenities
front outdoor seating area
balcony
3
Flat
17 Parking Spaces.
Level, Rectangular
Rectangular, Level.
Building Details
Year Built
1976
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Baytown Realty
(562) 596-6600
Listed By:
Shana Klisanin · License #01196063
Source:
Xome
Added: Feb 18
Changed: Aug 29
Last Checked: Aug 29 at 6:21PM
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 Baytown Realty
Investment Insights
Based on property information with market context.
This 3,832-square-foot retail property contains three separate two-level spaces, each connected by an interior staircase. The building presents 63 feet along Main Street and includes a front outdoor seating area, balcony, and 17 dedicated parking spaces at the rear. Constructed in 1976, the property has a level, rectangular configuration.
All three spaces are currently leased. Occupancies include a luxury jewelry retailer, a medical spa, and a waffle café concept scheduled to open in June 2026. The property is located at 224 Main in Seal Beach, within the 200 block of Main Street and approximately a block and a half from the Seal Beach Pier and Pacific Ocean. The surrounding downtown corridor includes boutique retail, restaurants, and community events, with pedestrian activity from both residents and visitors.
All three spaces are currently leased. Occupancies include a luxury jewelry retailer, a medical spa, and a waffle café concept scheduled to open in June 2026. The property is located at 224 Main in Seal Beach, within the 200 block of Main Street and approximately a block and a half from the Seal Beach Pier and Pacific Ocean. The surrounding downtown corridor includes boutique retail, restaurants, and community events, with pedestrian activity from both residents and visitors.
Key Highlights
- 3,832‑square‑foot retail property with three distinct two‑level spaces
- 63 feet of Main Street frontage in Seal Beach’s 200 block
- 17 dedicated parking spaces behind the building
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
$87,064
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
2.93%
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%
$1,741,280
$1.7M
Cap Rate 7%
$1,243,771
$1.2M
Cap Rate 9%
$967,378
$967.4K
Market Conditions
NOI Build-Up for 3,832 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
$128.8K $33.60/SF
− Vacancy
−$4.4K −$1.14/SF
EGI
$124.4K $32.46/SF
− OpEx
−$37.3K −$9.74/SF
NOI
$87.1K $22.72/SF
Area
Orange County, CA
Vacancy
3.40%
Lease Rate
$33.60 /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%
$1,741,280
Cap Rate 7%
$1,243,771
Cap Rate 9%
$967,378
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,064 @ 7.0% cap · market cap 2.93%
Second Best
Office B
$1.08M
$941.9K – $1.26M
NOI $75,355 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,096 @ 7.0% cap · market cap 3.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,371
Businesses Nearby
Explore this area
Business Placement
Demographics for 90740, CA
24,769
Population
14,208
Households
1.7
Avg Household Size
61
Median Age
51%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
2,231
Density / Sq Mi
$82,427
Median Household Income
$70,686
Median Earnings
$2,421
Median Rent
$488,400
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?
Retail space - Three two-level spaces support retail and office uses, with dedicated parking and outdoor areas for customer activity.
Where is this retail space located?
The property is located at 224 Main Seal Beach, CA.
What is the asking price?
The asking price for this property is $2,975,000.
What are key features of this property?
This property features: 3,832‑square‑foot retail property with three distinct two‑level spaces; 63 feet of Main Street frontage in Seal Beach’s 200 block; 17 dedicated parking spaces behind the building
