Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    241 Kearney Avenue Seaside Heights, NJ 8751

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,035,000

    Rare opportunity: conforming lot with existing rental income potential.

    Added:
    Jun 1, 2025
    Days on Market:
    330
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 241 Kearney Avenue

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    BETTY MESEROLL
    BETTY MESEROLL

    Listing agent BETTY MESEROLL License #0571199

    Listing office SEASIDE HEIGHTS REALTY INC.

    Listing date Jun 1, 2025

    Source Corcoran

    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.

    Overview

    Residential Property with Rental Potential

    This 60x100 lot presents a rare opportunity for builders, conforming to build three single-family homes. Situated in a residential area between the ocean and the bay in the north end of town, the location offers the potential for views. The property currently includes a five-bedroom, 2.5-bath house that is ready to rent, offering the potential to offset building costs with summer rental income of $5,000 to $6,000 per week.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seaside Heights
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.0762
    Latitude
    39.9464

    Nearby Similar for Sale

    • $399,000

      Store Condo Near Seaside Beach

      Store condo in new construction, one block from the beach.
      421 Ocean Boulevard, Seaside Heights, NJ 08751
      View Details
    • $1,500,000
      7,740 SF

      Seaside Heights Boardwalk Commercial Building

      Commercial building on Seaside Heights Boardwalk with high foot traffic.
      1003 Ocean Terrace, Seaside Heights, NJ 08751
      View Details
    • $849,000
      2,310 SF

      Seaside Heights Income Producing Property

      Four-unit property near beach, boardwalk, and amenities.
      610 Barnegat Avenue, Seaside Heights, NJ 08751
      View Details
    • $2,250,000
      6,094 SF

      Seaside Heights Motel Near Beach

      20-room motel steps from the beach with expansion potential.
      65-69 Hiering Avenue, Seaside Heights, NJ 08751
      View Details
    • $899,999
      1,728 SF

      Seaside Heights Multi-Family Investment

      Multi-family property in Seaside Heights with rental income potential.
      305 Hamilton Avenue, Seaside Heights, NJ 08751
      View Details
    • $875,000
      1,300 SF

      Seaside Heights Multifamily Investment Opportunity

      Two-building compound near the beach, ideal for rentals.
      119 Blaine Avenue, Seaside Heights, NJ 08751
      View Details
    • $45,000
      270 SF

      Boardwalk Food Service Opportunity

      Turnkey food service business on a high-traffic boardwalk.
      3B Ocean Terrace, Seaside Heights, NJ 08751
      View Details
    • $785,000
      2,122 SF

      Renovated Two-Family Home Near Beach

      Two-unit property near beach, boardwalk, and amusements.
      115 Blaine Avenue, Seaside Heights, NJ 08751
      View Details
    • $1,750,000
      3,225 SF

      Seaside Heights Commercial Opportunity

      Turnkey restaurant with apartments for sale in Seaside Heights.
      117 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $929,900

      Updated Multi-Family Home, Seaside Heights

      Updated two-family home near boardwalk, beach, and bay.
      227 Grant Ave, Seaside Heights Boro, NJ 08751-2016
      View Details
    • $1,749,900
      5,000 SF

      Seaside Heights Multifamily Investment Property

      Ocean block multifamily property near beach, boardwalk, and amenities.
      52 Kearney Avenue, Seaside Heights, NJ 08751
      View Details
    • $1,100,000
      2,608 SF

      Renovated Multifamily Near Boardwalk

      Completely renovated four-family property near the boardwalk and beach.
      32 FRANKLIN Avenue, SEASIDE HEIGHTS, NJ 08751
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Rare opportunity: conforming lot with existing rental income potential.
    Where is this residential land & home lot located?
    The property is located at 241 Kearney Avenue Seaside Heights, NJ.
    What is the asking price?
    The asking price for this property is $1,035,000.
    What are key features of this property?
    This property features: Conforming lot approved to build 3 single‑family homes.; Existing 5‑bedroom, 2.5‑bath house is ready to rent.; Potential rental income of $5,000-$6,000 per week during the summer.
    (732) 814-8411
    We can help!
    Listing Contact
    BETTY MESEROLL
    BETTY MESEROLL
    Real Estate License ID: 0571199
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!