Back to Search
Property profile & analytics
OFF-MARKET
Office buildings
1580 Roosevelt Dr Seaside, OR 97138-7151
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-1101056
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
2,746 SF
Lot
0.21 ac (9,148 SF)
Zoning code
R2
APN
61015CB15300
UPID
US71-1101056
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jeffrey Franklin Bay · 4 yrs held
Jeffrey Franklin Bay
since 2021
7 recorded transactions
Zoning & alternative use
R2 · Seaside, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
er of the local contact person to the City, and to the immediate neighbors within the notification area (within 100' of the subject property). E. Spatial distribution requirements. Within the medium density residential (R-2) zones and high density residential (R-3) zones, not more than 20% of the properties within 100' of the subject property can be currentl…
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
567.86 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,614
Tax year 2023
Assessed value
$321,333
Assessed 2023
Previous assessed
$311,975
+3.0% YoY
Effective rate
1.44%
On assessed value
Land market value
$244,444
Improvement market value
$244,144
Total market value
$488,588
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Buildings
2
Total area
2,746 SF
Lot
0.21 ac (9,148 SF)
Zoning code
R2
APN
61015CB15300
UPID
US71-1101056
Jurisdiction
CLATSOP
Zoning & alternative use
R2 · Seaside, ORZoning R2 · permitted uses
R2 · Seaside, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
er of the local contact person to the City, and to the immediate neighbors within the notification area (within 100' of the subject property). E. Spatial distribution requirements. Within the medium density residential (R-2) zones and high density residential (R-3) zones, not more than 20% of the properties within 100' of the subject property can be currently licensed for VRD use without Planning Commission review. Failure to meet this sta
Zone name
Medium Density Residential
General category
RESIDENTIAL
Zone area
567.86 ac
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Buildings
2
Lot
0.21 ac
Current owner
From public records · entity-resolved
Jeffrey Franklin Bay
Individual
Free & Clear · 4 yrs held
Mailing address
1580 N ROOSEVELT DR, SEASIDE, OR 97138-7151
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
—
Mcpop LLC
—
Deed
related
$250,000 · Bank Of The Pacific
Sep 16, 2021
—
Jeffrey Franklin Bay
Kathryn Nell Lambert Coffey
Bargain And Sale Deed
—
Jul 15, 2021
—
Mcpop LLC
—
Deed
related
$100,000 · Bank Of The Pacific
Nov 15, 2010
—
Mcpop LLC
Campbell & Popkin LLC
Grant Deed
—
Jan 13, 2009
$277,000
Campbell & Popkin LLC
Oregon Pacific District Ch/n
Warranty Deed
related
$350,000 · Tower Energy Group
—
—
Mcpop LLC
—
Deed Of Trust
related
$441,250 · Bank Of The Pacific
—
—
Campbell & Popkin LLC
—
Deed Of Trust
related
$100,000 · Qai LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1580 Roosevelt Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
