Nine-Bedroom Short-Term Rental
For Sale
$948,900
Seaside Heights, NJ 08751, Seaside Heights, NJ 08751
COMMERCIAL - Seaside Heights, NJ
Property Size2,850 SF
Price / SF$332.95
Days on Market1003
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Condo, Multi-Family, Single Family, Residential, Multi-Use, Mixed, Commercial
Rooms
Basement
Parking
4
Parking features
Off Street
Basement
Walk-Out Access
Lot features
Oceanside, Sidewalks
Directions
Ocean Block, Ocean Terrace to Dupont # 57
Subdivision
Seaside Heights
Standard status
Active
Size
2,850 SF
Taxes and HOA fees
Tax Year
22
Tax Annual Amount
5700
Utilities
Sewer type
Public Sewer
Water source
Public
Water front
1
Building Details
Floors in Building
3
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 793-5200
Added: Nov 12, 2023
Changed: Aug 4
Last Checked: Aug 11 at 8:06PM
MLS# 22331468
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.
This 2,850-square-foot short-term rental property in Seaside Heights includes 9 bedrooms, 4 bathrooms, a basement, and 4-car off-street parking. The property can accommodate large groups, and the source information also identifies the possibility of modifying it into a single-family residence. Public water and public sewer serve the property.
The ocean-block setting places the property within walking distance of Seaside’s beaches, boardwalk, amusement rides, restaurants, and shopping. The New Beach Club, featuring a large pool and cabanas, is 1 block away. Access is convenient from Parkway Exit 82, with the property described as approximately 1 hour from NYC, Atlantic City, and Philadelphia.
The ocean-block setting places the property within walking distance of Seaside’s beaches, boardwalk, amusement rides, restaurants, and shopping. The New Beach Club, featuring a large pool and cabanas, is 1 block away. Access is convenient from Parkway Exit 82, with the property described as approximately 1 hour from NYC, Atlantic City, and Philadelphia.
Key Highlights
- 2,850‑square‑foot ocean‑block property in Seaside Heights, NJ
- 9 bedrooms and 4 bathrooms
- 4‑car off‑street parking
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
$43,827
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
4.62%
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%
$876,540
$876.5K
Cap Rate 7%
$626,100
$626.1K
Cap Rate 9%
$486,967
$487.0K
Market Conditions
NOI Build-Up for 2,850 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
$85.5K $30.00/SF
− Vacancy
−$5.8K −$2.04/SF
EGI
$79.7K $27.96/SF
− OpEx
−$35.9K −$12.58/SF
NOI
$43.8K $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%
$876,540
Cap Rate 7%
$626,100
Cap Rate 9%
$486,967
Alternative Uses
Best Use
Apartment 5plus
$626.1K
$547.8K – $730.5K
NOI $43,827 @ 7.0% cap · market cap 4.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$744.2K
$651.2K – $868.2K
NOI $52,093 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
630
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Ocean-block property with group-use potential, off-street parking, public water, and public sewer.
Where is this short term rental property located?
The property is located at Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $948,900.
What are key features of this property?
This property features: 2,850‑square‑foot ocean‑block property in Seaside Heights, NJ; 9 bedrooms and 4 bathrooms; 4‑car off‑street parking
