Two-Building
For Sale
$2,200,000
61 Sumner Avenue #Seaside Sands Inn, Seaside Heights, NJ 08751
Guest accommodations include varied room layouts, multi-bedroom suites, a studio apartment, and on-site laundry.
Property Size9,830 SF
Price / SF$223.80
Days on Market41
Property Features for 61 Sumner Avenue #Seaside Sands Inn
General Information
Standard status
Active
Size
9,830 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$24,114
Building Details
Building Size
9,830 SF
Year Built
1940
Buildings
2
Stories
3
Listing Agency:
Keller Williams Realty Freehold
Listed By:
Iftikhar Haq · License #0789304
(732) 536-9010
Source:
Delvirginiarealtors
Added: Sep 14
Changed: Oct 23
Last Checked: Oct 23 at 5:36PM
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
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Investment Insights
Based on property information with market context.
Seaside Sands Inn is a motel comprising two buildings and 9,830 SF. Its lodging includes 18 guest rooms in double-queen, double-king, and single-queen configurations, along with two larger suites, a two-bedroom Grande Suite with a full kitchen and living and dining areas, and a studio apartment with a kitchen. The property also has a lobby and office with guest seating, laundry facilities, and off-street parking.
The motel is at 61 Sumner Avenue in Seaside Heights, within walking distance of the beach, boardwalk, dining, amusements, and water park. It is near the town entrance. The property was built in 1940.
The motel is at 61 Sumner Avenue in Seaside Heights, within walking distance of the beach, boardwalk, dining, amusements, and water park. It is near the town entrance. The property was built in 1940.
Key Highlights
- Two buildings totaling 9,830 SF
- 18 guest rooms with double‑queen, double‑king, and single‑queen layouts
- Two large suites, a two‑bedroom suite with full kitchen, and a studio apartment with kitchen
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
Current Use
Location Intelligence
Trade Area within ½ mile
532
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
Similar Off Market Nearby
- Nadya Marzh — 90 E Central Ave, Seaside Heights, NJ 08751
- Shore Beach houses — 50 Lincoln Ave, Seaside Heights, NJ 08751
- Glendale Motel — 26 Lincoln Ave, Seaside Heights, NJ 08751
- Franklin Terrace Motel — 50 Franklin Ave, Seaside Heights, NJ 08751
- Dry Dock Motel — 50 Lincoln Ave, Seaside Heights, NJ 08751
Frequently Asked Questions
What type of property is this?
Motel - Guest accommodations include varied room layouts, multi-bedroom suites, a studio apartment, and on-site laundry.
Where is this motel located?
The property is located at 61 Sumner Avenue #Seaside Sands Inn 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 SF; 18 guest rooms with double‑queen, double‑king, and single‑queen layouts; Two large suites, a two‑bedroom suite with full kitchen, and a studio apartment with kitchen
