1003 Ocean Terrace Seaside Heights, NJ 08751
Prime boardwalk location with existing restaurant and expansion potential.
Property Features for 1003 Ocean Terrace
General Information
- Standard status
- Active
- Size
- 7,740 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing office CHILDERS SOTHEBY'S INTL REALTY (732) 793-5500
Listing date Feb 6, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of CHILDERS SOTHEBY'S INTL REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Directly on the north end of Seaside Heights Boardwalk in a high‑foot traffic area.
- Existing restaurant lease in place for 3 years providing immediate income.
- Large basement with offices, three walk‑ins, prep kitchen, storage, and direct access loading bay.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.2k | $21.60 |
| − Vacancy | −$9.4k | −$1.21 |
| EGI | $157.8k | $20.39 |
| − OpEx | −$39.5k | −$5.10 |
| NOI | $118.4k | $15.29 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Jersey Food Truck — 16 Dupont Ave, Seaside Heights, NJ 08751
- Catering by William — 14 N St, Seaside Park, NJ 08752
