800 Broadway AveSeaside, CA 93955

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

Other commercial real estate

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,325,164

  6.5%

  $2,146,305

  7%

  $1,992,998

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,712,470

  Geo Method

  $3,712,470

• Alternative Use

  Use

  Valuation

  Residential

  $1,810,489

  Hospitality

  $1,658,398

  Educational

  $1,379,768

  Medical

  $1,427,220

  Retail

  $2,146,305

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

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