25-Room Motel with
For Sale
$1,999,999
Pending
124 Hamilton, Seaside Heights, NJ 08751
Guests can reach the beach, rides, shops, and restaurants on foot from this motel with off-street parking.
Property Size14,000 SF
Days on Market419
Property Features for 124 Hamilton
General Information
Standard status
Pending
Size
14,000 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
pool
Building Details
Year Built
1984
Listing Agency:
Seaside Heights Realty Inc.
Listed By:
Michael Loundy · License #8435976
(732) 793-5200
Source:
Defelicerealtygroup
Added: Sep 11, 2025
Changed: Nov 3
Last Checked: Nov 3 at 6:41AM
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.
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Investment Insights
Based on property information with market context.
This 25-room motel offers a pool and off-street parking. Built in 1984, the property contains 14,000 square feet and is located at 124 Hamilton in Seaside Heights, New Jersey.
The beach is one block away, with rides, amusements, shopping, and restaurants within walking distance. The motel is next to the Coastal Edge Project. Parkway Exit 82 provides access, with New York City, Atlantic City, and Philadelphia each described as about an hour away.
The beach is one block away, with rides, amusements, shopping, and restaurants within walking distance. The motel is next to the Coastal Edge Project. Parkway Exit 82 provides access, with New York City, Atlantic City, and Philadelphia each described as about an hour away.
Key Highlights
- 25 guest rooms
- 14,000 square feet; built in 1984
- Pool and off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,745
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,034,900
$2.0M
Cap Rate 7%
$1,453,500
$1.5M
Cap Rate 9%
$1,130,500
$1.1M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$252.0K $18.00/SF
− Vacancy
−$37.8K −$2.70/SF
EGI
$214.2K $15.30/SF
− OpEx
−$112.5K −$8.03/SF
NOI
$101.7K $7.27/SF
Area
Ocean County, NJ
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,034,900
Cap Rate 7%
$1,453,500
Cap Rate 9%
$1,130,500
Alternative Uses
Best Use
Hotel Hospitality
$1.45M
$1.27M – $1.70M
NOI $101,745 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.66M
$3.20M – $4.26M
NOI $255,898 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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- Seaside Park Summer Rentals — 72 O St, Seaside Park, NJ 08752
Frequently Asked Questions
What type of property is this?
Motel - Guests can reach the beach, rides, shops, and restaurants on foot from this motel with off-street parking.
Where is this motel located?
The property is located at 124 Hamilton Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 25 guest rooms; 14,000 square feet; built in 1984; Pool and off‑street parking
