Renovated Boutique
For Sale
$2,300,000
61 Sumner Avenue Unit Seaside Sands Inn, Seaside Heights, NJ 08751
Upgraded motel with 18 modern guest rooms, multiple suites, lobby/office, on-site laundry, and off-street parking.
Property Size9,830 SF
Price / SF$233.98
Days on Market156
Property Features for 61 Sumner Avenue Unit Seaside Sands Inn
General Information
Standard status
Active
Size
9,830 SF
Property subtype
Commercial
Amenities
on-site laundry facilities
lobby/office area
Listing Agency:
Keller Williams Realty Freehold
Listed By:
Iftikhar Haq
(833) 740-1234
Source:
Actionplusrealty
Added: Mar 9
Changed: Aug 11
Last Checked: Aug 10 at 4:24AM
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.
Seaside Sands Inn is a fully renovated boutique motel comprising two buildings and offering 18 modern guest rooms in a mix of double-queen, double-king, and single-queen layouts. In addition to the guest rooms, the property includes two large suites that each accommodate up to 10 guests, along with a spacious Grande Suite with two bedrooms, full kitchen, living and dining areas, and a studio apartment with kitchen. A lobby/office provides a dedicated check-in space with a comfortable seating area, and on-site laundry facilities support guest stays.
The property is positioned near the entrance to town with strong visibility and convenient access for arriving guests. It is also described as a short walk from the beach, boardwalk, dining, amusements, and a water park.
Off-street parking is available for guests, and the offering is presented as a turnkey, income-producing motel on a beach block near an active redevelopment zone.
The property is positioned near the entrance to town with strong visibility and convenient access for arriving guests. It is also described as a short walk from the beach, boardwalk, dining, amusements, and a water park.
Off-street parking is available for guests, and the offering is presented as a turnkey, income-producing motel on a beach block near an active redevelopment zone.
Key Highlights
- Seaside Sands Inn upgraded boutique motel at 61 Sumner Avenue, Seaside Heights, NJ
- Two buildings with 18 modern guest rooms: double‑queen, double‑king, and single‑queen layouts
- Includes two large suites (up to 10 guests each), plus a Grande Suite with 2 bedrooms, full kitchen, and living/dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,440
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.57M
$2.25M – $2.99M
NOI $179,677 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Motel - Upgraded motel with 18 modern guest rooms, multiple suites, lobby/office, on-site laundry, and off-street parking.
Where is this motel located?
The property is located at 61 Sumner Avenue Unit Seaside Sands Inn Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Seaside Sands Inn upgraded boutique motel at 61 Sumner Avenue, Seaside Heights, NJ; Two buildings with 18 modern guest rooms: double‑queen, double‑king, and single‑queen layouts; Includes two large suites (up to 10 guests each), plus a Grande Suite with 2 bedrooms, full kitchen, and living/dining areas
