Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    880 Broadway Ave Seaside, CA 93955-4308

    • Showrooms
    • 7,799 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    May 28, 2025
    $6,179,000
    Value Estimations
    $5,870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2856376
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • BADA KOREAN KITCHEN / Korean Restaurant
    • Las Cazuelas Taqueria / Mexican Restaurant
    • Mountain Mike's Pizza / Pizza Delivery / Pizza Takeout

    Property Details for 880 Broadway Ave

    Year built
    2007
    Construction
    WOOD
    Lot size
    0.49 lot acres
    Property size
    7,799 SF
    Property type
    Showrooms
    APN
    011-297-003-000
    APU
    11297003000

    Description

    This exceptional investment opportunity presents a 55,751 square foot retail center in Seaside, California. The property, built in 2006, boasts a 100% occupancy rate, generating a strong net operating income (NOI) of $215,121 and a compelling 6.00% capitalization rate. Priced at $3,585,350, this asset offers significant potential for investors seeking a stable, high-performing retail portfolio addition. The center is strategically located at 880 Broadway Ave, Seaside, CA 93955, on a 0.49-acre lot with ample parking (191 spaces) and excellent visibility due to its location at a signalized intersection. The property is zoned Commercial Mixed Use (CMX) and includes a ±7,591 square foot building that is part of a larger shopping center. The anchor tenant is Grocery Outlet, providing a strong foundation for the center's continued success. The property's Assesor's Parcel Number (APN) is 011-297-003-000. This is a rare opportunity to acquire a well-positioned, high-performing retail center in a desirable California market. Don't miss this chance to secure a valuable addition to your investment portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,900,000
      ML approach
      $6,085,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,149,000
      Market price range: $1.74M - $5.15M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seaside
    County
    Monterey
    State
    California
    Longitude
    -121.846
    Latitude
    36.6089
    CBSA code
    41500
    CBSA name
    SALINAS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,210
    $883,693
    $3,664,389
    $4,548,082
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      0.14 Acres

      1200 Broadway Ave

      SHOW ROOM, WAREHOUSE • 0.14 Acres
      1200 Broadway Ave, Seaside, CA 93955
      View Details
    • Value Estimation
      $610,000
      5,000 SF

      1959 Fremont Blvd

      SHOW ROOM, WAREHOUSE • 5,000 SF
      1959 Fremont Blvd, Seaside, CA 93955
      View Details
    • Value Estimation
      $870,000
      12,970 SF

      925 Playa Ave

      SHOW ROOM, WAREHOUSE • 12,970 SF
      925 Playa Ave, Sand City, CA 93955-3197
      View Details
    • Value Estimation
      $325,000
      5,600 SF

      855 Broadway Ave

      SHOW ROOM, WAREHOUSE • 5,600 SF
      855 Broadway Ave, Seaside, CA 93955-4307
      View Details
    • Value Estimation
      $360,000
      2,029 SF

      1400 Cyn Del Rey Blvd

      SHOW ROOM, WAREHOUSE • 2,029 SF
      1400 Cyn Del Rey Blvd, Seaside, CA 93955-4761
      View Details
    • Value Estimation
      $1,105,000
      26,987 SF

      1148 Fremont Blvd

      SHOW ROOM, WAREHOUSE • 26,987 SF
      1148 Fremont Blvd, Seaside, CA 93955
      View Details

    Similar Nearby for Sale

    • $4,052,168
      5,235 SF

      Seaside Retail Shopping Center Opportunity

      Retail building in a shopping center with vacant space.
      800 Broadway Ave, Seaside, CA 93955
      View Details
    • $2,850,000
      8,577 SF

      Seaside Mixed-Use Investment Opportunity

      Mixed-use building with commercial and residential units in Seaside, CA.
      1725 Fremont Blvd, Seaside, CA 93955
      View Details
    • $3,750,000
      15,695 SF

      Seaside Retail Space For Sale

      15,695 SF retail space in high-traffic location.
      1020 Auto Center Pkwy, Seaside, CA 93955
      View Details
    • $3,500,000
      9,811 SF

      Seaside Automotive Retail Opportunity

      Six parcels with redevelopment potential in Seaside's Urban Village.
      1523-1533 Del Monte Blvd, Seaside, CA 93955
      View Details
    • $2,999,999

      Seaside Commercial Redevelopment Opportunity

      4.9-Acre Former Military Barracks, 42 Units
      4386 Parker Flt, Seaside, CA 93955
      View Details
    • $3,500,000
      9,811 SF

      Seaside Auto Shop Investment

      High-visibility, multi-tenant retail opportunity.
      1523 Del Monte Blvd, Seaside, CA 93955
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr
      1,202 SF

      Former Coffee Shop in Seaside

      1,202 SF retail space in Monterey County power center.
      2160 California Ave, Seaside, CA 93955
      View Details
    • $1.42 SF/Yr
      2,812 SF

      Retail Space with High Visibility

      Retail space for rent with high traffic and parking.
      555 Broadway Ave, Seaside, CA 93955
      View Details
    • Contact for pricing
      7,512 SF

      Retail Space in Seaside Corridor

      Highly visible retail location serving the Seaside market.
      1130 Fremont Blvd, Seaside, CA 93955
      View Details
    • $1.60 SF/Yr
      1,627 SF

      Seaside Retail Space on Fremont

      Versatile commercial space with high visibility on Fremont Boulevard.
      1286 Fremont Blvd, Seaside, CA 93955
      View Details
    • $18 SF/Yr
      1,060 SF

      Lang Building: Sand City Flex Space

      ±1,060 SF Flex Space, Sand City, CA
      495 Elder Ave, Sand City, CA 93955
      View Details
    • $1.50 SF/Yr
      435 SF

      Seaside Office Space For Rent

      Office space available for rent in Seaside, California.
      495 Elder Ave, Seaside, CA 93955
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    880 Broadway Ave
    Seaside, CA 93955-4308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.