Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 E Schellenger Ave Wildwood, NJ 08260

    View on Map
    Sponsored
    For Sale
    $1,200,000

    Hotel - Wildwood, NJ

    Property size:
    3,860 SF
    Days on Market:
    9
    Last Refresh:
    Mar 28 at 2:06 pm

    Property Features for 120 E Schellenger Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    PARZ
    Interior features
    Living Space Available, Restroom
    Exterior features
    Security Light/System, Security Camera
    Size
    3,860 SF

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1960
    Floors in Building
    2
    Number of units
    14
    Flooring type
    Carpet, Carpet - Partial, Linoleum, Vinyl
    Building materials
    Other, See Remarks
    Architectural style
    Other

    We can help!

    Listing Contact
    JILL FLUHARTY

    KELLER WILLIAMS REALTY - Washington Twp

    Listing agent Jill Fluharty License #1538790

    Listing date Mar 20, 2026

    MLS# 260299 Listing URL

    Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Wildwood Hotel Investment Opportunity

    This renovated seasonal building, updated in 2021, features 14 private rental rooms and 9 full bathrooms. The 3,860 square-foot property includes a shared living room and two full kitchens in one large open space. The layout is designed to maximize occupancy and create a welcoming environment for seasonal renters, travel workers, and J-1 student housing. Located in Wildwood, New Jersey, the property is near the beach and boardwalk. The property's location offers proximity to restaurants, nightlife, and other attractions. The property offers income potential in a sought-after destination. The property is zoned PARZ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8154349
    Latitude
    38.9898312

    Nearby Similar for Sale

    • $449,900
      4,288 SF

      Renovated Office Building in Wildwood

      Recently renovated two-story commercial office building with parking.
      3311 New Jersey Ave, Wildwood, NJ 08260
      View Details
    • $714,000
      692 SF

      Prime Boardwalk Retail Investment

      Retail unit with boardwalk frontage and solid investment opportunity.
      3400 Boardwalk, Wildwood, NJ 08260
      View Details
    • $2,099,000
      3,846 SF

      Boardwalk Retail Investment Opportunity

      Prime boardwalk retail space with existing leases and income.
      3400 Boardwalk, Wildwood, NJ 08260
      View Details
    • $749,999
      1,665 SF

      Prime Boardwalk Commercial Unit

      High-visibility commercial space in the heart of Wildwood, New Jersey.
      2910 Boardwalk, Wildwood, NJ 08260
      View Details
    • $749,999
      1,665 SF

      Prime Boardwalk Commercial Unit

      High-visibility commercial space in the heart of Wildwood, New Jersey.
      2910 Boardwalk, Wildwood, NJ 08260
      View Details
    • New
      $2,880,000
      7,896 SF

      Wildwood Motel Near Yacht Basin

      24-unit motel near Wildwood Yacht Basin, a bayside money maker!
      5310 Park Blvd, Wildwood, NJ 08260
      View Details
    • $175,000
      1,515 SF

      Wildwood Retail Condo For Sale

      Commercial condo near beach, boardwalk, and convention center.
      4501 Pacific Ave, Wildwood, NJ 08260
      View Details
    • $5,999,000

      Wildwood Motel, Stores, Parking Lot

      Beachfront motel, stores, and parking lot with development potential.
      4211 Ocean Ave, Wildwood, NJ 08260
      View Details
    • $825,000
      1,926 SF

      Updated Multi-Unit Property Near Beach

      Multi-unit property with cottage studio near Wildwood Boardwalk.
      214 E Juniper Ave, Wildwood, NJ 08260
      View Details
    • $1,400,000

      Income-Producing Mixed-Use Corner Property

      High-traffic Wildwood corner property with restaurant, duplex, and parking.
      2701-2703 New Jersey Ave, Wildwood, NJ 08260
      View Details
    • $567,500

      Vacant Duplex Ready for Season

      Fully vacant duplex in Wildwood, ready for immediate occupancy.
      210 W Burk Ave, Wildwood, NJ 08260
      View Details
    • $424,000

      Historic Nickelodeon-Style Theater For Sale

      Charming boutique theater, recently renovated, ready for live performances.
      4005 Pacific Ave, Wildwood, NJ 08260
      View Details

    FAQs

    What type of property is this?
    Hotel - Renovated 14-room hotel near beach with high income potential.
    Where is this hotel located?
    The property is located at 120 E Schellenger Ave Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Exceptional income potential with earnings over $130,000 per season.; - Prime location steps from the beach and boardwalk, near restaurants, nightlife, and attractions.; - Renovated in 2021, featuring **14 private rental rooms and 9 full bathrooms.**
    (609) 289-0940
    Request Owner's contact information
    120 E Schellenger Ave Wildwood, NJ 08260
    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.
    120 E Schellenger Ave
    Wildwood, NJ 08260
    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
    120 E Schellenger Ave Wildwood, NJ 08260
    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

    We can help!
    Listing Contact
    JILL FLUHARTY
    Real Estate License ID: 1538790
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!