21-Unit Hotel with Manager
For Sale
$3,499,000
1201 Boulevard, Seaside Heights, NJ 08751
Operational 21-unit hotel property with private balcony suites, a manager suite, apartment, pool, lounge, and onsite restaurant.
Property Size19,188 SF
Price / SF$182.35
Days on Market409
Property Features for 1201 Boulevard
General Information
Standard status
Active
Size
19,188 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$38,784
Amenities
3
Shingle
Parking. Corner Lot.
Off Street, On Site.
120 x 95
Corner.
Building Details
Year Built
1985
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 793-5200
Source:
Xome
Added: Jun 28, 2025
Changed: Aug 9
Last Checked: Aug 10 at 3:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seaside Heights Realty Inc.
Investment Insights
Based on property information with market context.
This property is presently operated as a 21-unit hotel plus a manager’s suite. The offering includes suites and hotel rooms with private balconies, as well as a 2-bedroom apartment. Common features include a pool and lounge area, and the property has a state-of-the-art security camera system. An onsite restaurant is operated by a new tenant.
The property is located about one block to the beach in the prestigious North End, within walking distance to rides, shopping, beach, and restaurants.
In addition to the existing hotel use, the site has been just approved for 10 new townhomes. Site plan and townhome plans are available in the documents tab. Financing may be available to qualified buyers only.
The property is located about one block to the beach in the prestigious North End, within walking distance to rides, shopping, beach, and restaurants.
In addition to the existing hotel use, the site has been just approved for 10 new townhomes. Site plan and townhome plans are available in the documents tab. Financing may be available to qualified buyers only.
Key Highlights
- Operational 21‑unit hotel plus manager suite
- Suites and hotel rooms include private balconies; includes a 2‑bedroom apartment
- Includes pool and lounge area, plus an onsite restaurant with new tenant operation
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
$293,438
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
8.39%
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%
$5,868,760
$5.9M
Cap Rate 7%
$4,191,971
$4.2M
Cap Rate 9%
$3,260,422
$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
$414.5K $21.60/SF
− Vacancy
−$23.2K −$1.21/SF
EGI
$391.3K $20.39/SF
− OpEx
−$97.8K −$5.10/SF
NOI
$293.4K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$5,868,760
Cap Rate 7%
$4,191,971
Cap Rate 9%
$3,260,422
Alternative Uses
Best Use
Specialty Retail
$4.19M
$3.67M – $4.89M
NOI $293,438 @ 7.0% cap · market cap 8.39%
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
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
530
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Three Brothers Pizza
Dining
530 visits/mo
0.1 miles
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 Retail 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?
Hotel - Operational 21-unit hotel property with private balcony suites, a manager suite, apartment, pool, lounge, and onsite 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: Operational 21‑unit hotel plus manager suite; Suites and hotel rooms include private balconies; includes a 2‑bedroom apartment; Includes pool and lounge area, plus an onsite restaurant with new tenant operation
