Ocean-Block Short-Term Rental
For Sale
$948,900
Seaside Heights, NJ 08751, Seaside Heights, NJ 08751
Commercial Sale, Seaside Heights, NJ
Property Size2,850 SF
Price / SF$332.95
Days on Market1056
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) 330-6651
Added: Nov 12, 2023
Changed: Oct 2
Last Checked: Oct 3 at 1:06AM
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 Seaside Heights property offers nine bedrooms, four bathrooms, a basement, and four off-street parking spaces. The existing configuration is suited to large-group occupancy, while the property information also identifies the possibility of modifying the layout for single-family use. Public water and public sewer serve the property.
Set in an ocean-block location, the property is one block from a beach club with a large pool and cabanas. The nearby boardwalk, amusement rides, restaurants, shopping, and beaches add to the surrounding recreational amenities. Access is convenient to Parkway Exit 82, with the property described as approximately one hour from New York City, Atlantic City, and Philadelphia.
Set in an ocean-block location, the property is one block from a beach club with a large pool and cabanas. The nearby boardwalk, amusement rides, restaurants, shopping, and beaches add to the surrounding recreational amenities. Access is convenient to Parkway Exit 82, with the property described as approximately one hour from New York City, Atlantic City, and Philadelphia.
Key Highlights
- 2,850 square feet in Seaside Heights
- Nine bedrooms and four bathrooms
- Four‑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
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
532
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Nine-bedroom layout with four bathrooms and off-street parking accommodates large-group use near Seaside Heights attractions.
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 feet in Seaside Heights; Nine bedrooms and four bathrooms; Four‑car off‑street parking
