21-Unit Hotel with
For Sale
$3,499,000
1201 Boulevard, Seaside Heights, NJ 08751
COMMERCIAL - Seaside Heights, NJ
Property Size19,188 SF
Lot Size0.26 Acres
Price / SF$182.35
Days on Market429
Property Features for 1201 Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Neighborhood, Multi-Use, Live-in Professional, Commercial, Central Business
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Fencing
Fenced
Basement
Crawl Space
Lot features
Oceanside, Subdividable, Multilot Sub, Corner Lot
Directions
Just Approved for 10 State of the Art New Townhomes. Presently operating as a local Mixed used Motel and Restaurant and could be a great opportunity for new Franchise/Flag or Boutique Airbnb Style Hotel. 1 Block to the beach and boardwalk, corner of Fremont and the Blvd. GO TO DOCUMENTS TAB FOR SITE PLAN AND APPROVED TOWNHOME PLANS
Subdivision
Seaside Heights
Standard status
Active
APN
11111111
Size
19,188 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
38784
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
Pool
Lounge area
State of the Art Security Camera System
Building Details
Year built
1985
Floors in Building
3
Roof type
Shingle
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 793-5200
Added: Jun 30, 2025
Changed: Aug 4
Last Checked: Sep 1 at 5:06PM
MLS# 22519318
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 1201 Boulevard in Seaside Heights, this 19,188-square-foot hotel property was built in 1985 and currently operates with 21 units plus a manager’s suite. The improvements include hotel rooms and suites with private balconies, a two-bedroom apartment, a pool, a lounge area, off-street parking, fencing, shingle roofing, exterior lighting, and public water and sewer. A tenant-operated restaurant is also located on site, while a state-of-the-art security camera system supports the property.
The property is positioned one block from the beach in Seaside Heights’ North End, with walking access to rides, shopping, restaurants, and the shoreline. Approval is in place for 10 new townhomes, adding a documented redevelopment component to the existing hospitality use.
The property is positioned one block from the beach in Seaside Heights’ North End, with walking access to rides, shopping, restaurants, and the shoreline. Approval is in place for 10 new townhomes, adding a documented redevelopment component to the existing hospitality use.
Key Highlights
- 21‑unit hotel plus manager’s suite
- 19,188‑square‑foot property built in 1985
- Approved for 10 new townhomes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$295,073
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,901,460
$5.9M
Cap Rate 7%
$4,215,329
$4.2M
Cap Rate 9%
$3,278,589
$3.3M
Market Conditions
NOI Build-Up for 19,188 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$575.6K $30.00/SF
− Vacancy
−$39.1K −$2.04/SF
EGI
$536.5K $27.96/SF
− OpEx
−$241.4K −$12.58/SF
NOI
$295.1K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,901,460
Cap Rate 7%
$4,215,329
Cap Rate 9%
$3,278,589
Alternative Uses
Best Use
Apartment 5plus
$4.22M
$3.69M – $4.92M
NOI $295,073 @ 7.0% cap · market cap 8.43%
Second Best
Hotel Hospitality
$1.99M
$1.74M – $2.32M
NOI $139,449 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$5.01M
$4.38M – $5.85M
NOI $350,726 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Explore this area
Business Placement
Demographics for 08751, NJ
3,867
Population
5,319
Households
0.7
Avg Household Size
48
Median Age
39%
College-Educated
90%
High-School Grad
1.3 sq mi
ZIP Area
2,975
Density / Sq Mi
$75,000
Median Household Income
$52,273
Median Earnings
$1,437
Median Rent
$583,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Existing lodging improvements include balconies, a manager’s suite, a two-bedroom apartment, and an on-site restaurant.
Where is this hotel located?
The property is located at 1201 Boulevard Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 21‑unit hotel plus manager’s suite; 19,188‑square‑foot property built in 1985; Approved for 10 new townhomes
