Sign Up Successful!
You now have access to more from Realmo!
    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

    1201 Boulevard Seaside Heights, NJ 08751

    Sponsored
    For Sale
    $3,599,000

    LAND - Seaside Heights, NJ

    Days on Market:
    23
    Last Refresh:
    Jan 24 at 11:06 pm

    Property Features for 1201 Boulevard

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    111111111

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Michael Loundy
    Michael Loundy

    Seaside Heights Realty Inc. (732) 793-5200

    Listing agent Michael Loundy (732) 793-5200

    Listing date Jan 3, 2026

    MLS# 22519322

    Copyright © 2026 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. 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

    Approved Townhome Site For Sale

    This property in Seaside Heights, New Jersey, is an approved site for the construction of 10 townhomes. The site is presently operating as a 21-unit mixed-use motel. Construction financing options may be available for qualified buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Nail Salon Building Supply Auto Repair Shop Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Seaside Heights
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.073292
    Latitude
    39.945774

    Nearby Similar for Sale

    • $2,598,800

      Ocean Block Mixed-Use Building

      New mixed-use building with retail and residential income potential.
      Seaside Heights, NJ 08751
      View Details
    • $969,000
      2,000 SF

      Beach Block Home with Income

      Five-bedroom home with one-bedroom back house near the beach.
      1118 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $899,900
      2,400 SF

      Ocean Block Two-Family Property

      Clean two-family near beach, strong rental potential, private backyard.
      53 Carteret Ave, Seaside Heights, NJ 08751
      View Details
    • $799,900
      2,850 SF

      Ocean Block Multifamily Opportunity

      Nine-bedroom, four-bath property near beach, boardwalk, and amenities.
      Seaside Heights, NJ 08751
      View Details
    • $3,250,000
      6,930 SF

      Luxury Motel Investment Opportunity

      Renovated luxury motel near beach, boardwalk, and amusements.
      61 Sumner Ave, Seaside Heights, NJ 08751
      View Details
    • $799,000

      Seaside Heights Multifamily Near Beach

      Two-family property, one block from the beach, potential Airbnb.
      118 Sampson Ave, Seaside Heights, NJ 08751
      View Details
    • $3,599,000
      19,188 SF

      Seaside Heights Redevelopment Opportunity

      21-unit hotel approved for 10 townhomes near the beach.
      1201 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $949,000
      1,728 SF

      Seaside Heights Multi-Family Investment

      Multi-family property in Seaside Heights with rental and expansion potential.
      305 Hamilton Ave, Seaside Heights, NJ 08751
      View Details
    • $3,149,900
      0.38 Acres

      Seaside Heights Hotel and Apartments

      Hotel, apartments, and development opportunity near Seaside Heights boardwalk.
      127 Carteret Ave, Seaside Heights, NJ 08751
      View Details
    • $899,000
      Pending

      Renovated Multi-Family Near Seaside Beach

      Turn-key, income-generating 3-family property near the boardwalk and beaches.
      1215 Boulevard, Seaside Heights, NJ 08751
      View Details
    • New
      $5,688,888

      40-Unit Ocean Block Apartments

      40 units near beaches, restaurants, and amusements in Seaside Heights.
      2 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $1,299,000
      1,684 SF

      Restaurant with Apartment Near Ocean

      Turn-key restaurant with renovated apartment, prime location near ocean.
      1929 Route 35, Seaside Heights, NJ 08751
      View Details

    FAQs

    What type of property is this?
    Apartment building - Approved townhome site, currently a mixed-use motel in Seaside Heights.
    Where is this apartment building located?
    The property is located at 1201 Boulevard Seaside Heights, NJ.
    What is the asking price?
    The asking price for this property is $3,599,000.
    What are key features of this property?
    This property features: - Approved State of the Art 10 Townhome Site, ready for development.; - Construction Financing available to qualified buyer, streamlining your project.; - Presently operated as a 21-unit Mixed Use Motel.
    (732) 793-5200
    Request Owner's contact information
    1201 Boulevard Seaside Heights, NJ 08751
    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.
    1201 Boulevard
    Seaside Heights, NJ 08751
    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
    1201 Boulevard Seaside Heights, NJ 08751
    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
    Michael Loundy
    Michael Loundy
    Real Estate License ID: 8435976
    (732) 793-5200
    Learn more
    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.