Building Details

Year built 1950

Floors in Building 1

Roof type Tar/Gravel

Listing Agency: Real Brokerage Technologies c***@therealbrokerage.com Show Phone

Listed By: Tene Shake · License #02118097 Show Phone

Added: Oct 20 Changed: Oct 21 Last Checked: Oct 21 at 6:06AM

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MLS# ML82065202

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Investment Insights

Based on property information with market context.

This single-story storefront building dates to 1950 and has wall-unit cooling and a tar-and-gravel roof. It is offered in its existing condition, with no repairs or credits from the seller. The property is on Broadway Avenue in Seaside, near Fremont Boulevard, Del Monte Boulevard, and Highway 1.

Key Highlights

• Built in 1950
• Zoning designation: 5E
• Wall‑unit cooling

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,167

Cap Rate

3.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$243,340 $243.3K

Cap Rate 7%

$173,814 $173.8K

Cap Rate 9%

$135,189 $135.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 840 SF

Gross rent

$18.1K $21.60/SF

− Vacancy

−$762 −$0.91/SF

EGI

$17.4K $20.69/SF

− OpEx

−$5.2K −$6.21/SF

NOI

$12.2K $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 Rate 5%

$243,340

Cap Rate 7%

$173,814

Cap Rate 9%

$135,189

Alternative Uses

Best Use

Retail

$173.8K

$152.1K – $202.8K (±1% cap)

NOI $12,167 @ 7.0% cap · market cap 3.05%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$320.7K

$280.7K – $374.2K (±1% cap)

NOI $22,452 @ 7.0% cap · market cap 5.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Seaside Sand City ... Charitable Organization seaside auto dealers Car Dealership Del Rey Oaks ... Business Service Center Seaside Eat & Stay Hotel & Motel Universal Church of Good Church

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Parking Lot & Garage Veterinary Clinic Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,254

Businesses Nearby

371k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 41% Shops & Services 20% Home Improvements & Furnishings 16% Groceries 12%

In-N-Out Burger Dining

62,772 visits/mo 0.5 miles

The Home Depot Home Improvements & Furnishings

57,463 visits/mo 0.2 miles

Grocery Outlet Bargain Market Groceries

24,431 visits/mo 0.3 miles

McDonald's Dining

23,115 visits/mo 0.3 miles

Staples Office Supplies

22,032 visits/mo 0.2 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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Contact for pricing

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Similar Off Market Nearby

• Seaside Florist — 695 Broadway Ave, Seaside, CA 93955
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Frequently Asked Questions

What type of property is this?

Storefront property - The commercial building has wall-unit cooling and is offered in its current condition without seller repairs or credits.

Where is this storefront property located?

The property is located at 505 Broadway Avenue Seaside, CA.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Built in 1950; Zoning designation: 5E; Wall‑unit cooling