Mays Landing Hospitality
6090 Black Horse #Budget Inn & Suites Hamilton Township, NJ 08330
For Sale
$2,800,000
41-room hospitality property in Mays Landing, New Jersey.
Property Size11,464 SF
Lot Size4.41 Acres
Price / SF$244.24
Days on Market137
Property Features for 6090 Black Horse #Budget Inn & Suites
General Information
- Standard status
- Active
- Size
- 11,464 SF
- Lot size
- 4.41 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1944
Listing Agency:
KELLER WILLIAMS REALTY FREEHOLD
(732) 536-9010
Listed By:
IFTIKHAR HAQ · License #0789304
Source:
Corcoran
Added: Mar 10
Changed: Jul 6
Last Checked: Jul 23 at 9:48AM
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 KELLER WILLIAMS REALTY FREEHOLD
Investment Insights
Based on property information with market context.
The Budget Inn Suites is a 41-room hospitality property located along the Black Horse Pike corridor in Mays Landing, New Jersey. As an extended stay, limited service property, it benefits from its location on a highly trafficked corridor, offering regional accessibility and proximity to Atlantic City. The property experiences consistent demand from leisure travelers, contractors, and regional business activity. This property presents an opportunity to acquire a hospitality asset with visibility and drive-by traffic. There is potential for operational upside through improved management, branding, and revenue optimization. The property size is 11464 square feet.
Key Highlights
- High‑traffic location on the Black Horse Pike corridor.
- Proximity to Atlantic City.
- Consistent demand from leisure travelers, contractors, and regional business activity.
Financial Insights For Hotel Hospitality
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 | $206.4k | $18.00 |
| − Vacancy | −$33.0k | −$2.88 |
| EGI | $173.3k | $15.12 |
| − OpEx | −$91.0k | −$7.94 |
| NOI | $82.3k | $7.18 |
11,464 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.18M
$1.03M – $1.37M
NOI $82,334 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.69M
$3.23M – $4.30M
NOI $258,188 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Motels
FAQs
What type of property is this?
Motel - 41-room hospitality property in Mays Landing, New Jersey.
Where is this motel located?
The property is located at 6090 Black Horse #Budget Inn & Suites Hamilton Township, NJ.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: High‑traffic location on the Black Horse Pike corridor.; Proximity to Atlantic City.; Consistent demand from leisure travelers, contractors, and regional business activity.
