800 Broadway AveSeaside, CA 93955

  • Showrooms
  • 5,282 SF
For Sale
$3,745,709 View listing

Property Details for 800 Broadway Ave

Year built
2007
Construction
WOOD
Lot size
0.46 AC
Property size (Sq ft)
5,282 SF
Property type
Showrooms
APN
011-297-001-000
APU
11297001000

Description

This exceptional 5,235 square foot retail pad building, located at 800 Broadway Ave in Seaside, California (93955), presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong 5.50% capitalization rate, this property generates a substantial net operating income (NOI) of $206,014. Built in 2006, the building sits on a 20,038 square foot lot and benefits from ample parking with 191 spaces. The property is zoned Commercial Mixed Use (CMX), offering flexibility for future development. Its strategic location within a ±55,751 square foot shopping center, as an outparcel to a Grocery Outlet anchor, ensures high visibility and consistent foot traffic. The property enjoys excellent access and is situated at a signalized intersection, maximizing its convenience and appeal. The asking price is $3,745,709, and the APN is 011-297-001-000. This is a rare opportunity to acquire a high-performing retail property in a thriving Monterey County location. Strong co-tenants further enhance the investment potential of this well-maintained and highly desirable asset.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,756,590
    6.5%
    $1,621,470
    7%
    $1,505,650
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,532,130
    Geo Method
    $1,532,130
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $3,102,860
    Mixed-Use / Specialty
    $1,639,590
    Hospitality / Lodging
    $1,234,040
    Office
    $1,654,750
    Institutional / Educational
    $1,713,060
    Residential Income
    $2,004,280
    Multifamily
    $2,271,300
    Automotive / Energy
    $1,468,330
    Parking / Income-Based Land
    $483,087
    Restaurant / Food Service
    $903,781
    Healthcare / Senior Housing
    $1,656,850

Location Insight

City
Seaside
County
Monterey
State
California
Latitude
36.6088
Longitude
-121.847
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
$34,000
$824,780
$2,309,388
$3,134,168
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-
-
-

FAQs

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