Two-Building
61 Sumner Avenue, Seaside Heights, NJ 08751
For Sale
$2,200,000
Commercial Sale, Seaside Heights, NJ
Property Size9,830 SF
Lot Size0.16 Acres
Price / SF$223.80
Days on Market61
Property Features for 61 Sumner Avenue
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Water source
Amenities
on-site laundry facilities
lobby/office area
seating area
Building Details
Year built
Floors in Building
Listing Agency:
Keller Williams Realty Freehold
Listed By:
Iftikhar Haq · License NJ #0789304
(732) 536-9010
Added: Sep 14
Changed: Oct 2
Last Checked: Nov 13 at 11:06PM
MLS# 22628901
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,830-square-foot motel comprises two buildings on a 0.16-acre property. Built in 1940, it has 18 guest rooms in double-queen, double-king, and single-queen configurations, along with two suites that each accommodate up to 10 guests. A separate two-bedroom suite includes a full kitchen and living and dining areas; the property also has a studio apartment with a kitchen. On-site features include laundry, a lobby and office with guest seating, and off-street parking.
At 61 Sumner Avenue in Seaside Heights, the motel is within walking distance of the beach, boardwalk, dining, amusements, and water park. Public water and sewer serve the property.
At 61 Sumner Avenue in Seaside Heights, the motel is within walking distance of the beach, boardwalk, dining, amusements, and water park. Public water and sewer serve the property.
Key Highlights
- Two buildings totaling 9,830 square feet on 0.16 acres
- 18 guest rooms with double‑queen, double‑king, and single‑queen layouts
- Two suites accommodate up to 10 guests each
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,440
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,800
$1.4M
Cap Rate 7%
$1,020,571
$1.0M
Cap Rate 9%
$793,778
$793.8K
Market Conditions
NOI Build-Up for 9,830 SF
Gross rent
$176.9K $18.00/SF
− Vacancy
−$26.5K −$2.70/SF
EGI
$150.4K $15.30/SF
− OpEx
−$79.0K −$8.03/SF
NOI
$71.4K $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%
$1,428,800
Cap Rate 7%
$1,020,571
Cap Rate 9%
$793,778
Alternative Uses
Best Use
Hotel Hospitality
$1.02M
$893.0K – $1.19M
NOI $71,440 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $2.99M
NOI $179,677 @ 7.0% cap · market cap 8.17%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Similar Off Market Nearby
- Seaside Park Vacations — 10 K St, Seaside Park, NJ 08752
- Luna-Mar Motel — 1201 N Ocean Ave, Seaside Park, NJ 08752
- Anthony’s Treasure — 316 n st, seaside park, nj 08752
- SUMMER RENTALS — 74 O St, Seaside Park, NJ 08752
- Seaside Park Summer Rentals — 72 O St, Seaside Park, NJ 08752
Frequently Asked Questions
What type of property is this?
Motel - Guest accommodations include varied room layouts, larger suites, a kitchen-equipped apartment, laundry, and off-street parking.
Where is this motel located?
The property is located at 61 Sumner Avenue Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Two buildings totaling 9,830 square feet on 0.16 acres; 18 guest rooms with double‑queen, double‑king, and single‑queen layouts; Two suites accommodate up to 10 guests each
