Motel with Multi-Bedroom
For Sale
$2,200,000
61 Sumner Avenue Unit Seaside Sands Inn, Seaside Heights, NJ 08751
Two buildings provide varied guest accommodations, a lobby and office, laundry facilities, and off-street parking.
Property Size9,830 SF
Price / SF$223.80
Days on Market52
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
seating area
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Keller Williams Realty Freehold
Listed By:
Iftikhar Haq · License #0789304
(732) 769-1110
Source:
Actionplusrealty
Added: Aug 26
Changed: Oct 15
Last Checked: Oct 16 at 8:43AM
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 two-building motel built in 1940, with 18 guest rooms in double-queen, double-king, and single-queen configurations. The property also includes two suites designed for groups of up to 10 guests apiece, a two-bedroom Grande Suite with a full kitchen and living and dining areas, and a studio apartment with a kitchen. A lobby and office area, on-site laundry, and off-street guest parking round out the facilities.
The motel is a short walk from the beach, boardwalk, restaurants, amusements, and water park in Seaside Heights, New Jersey. Its location is near the town entrance and the property address is 61 Sumner Avenue.
The motel is a short walk from the beach, boardwalk, restaurants, amusements, and water park in Seaside Heights, New Jersey. Its location is near the town entrance and the property address is 61 Sumner Avenue.
Key Highlights
- Two‑building motel with 18 guest rooms
- Room layouts include double‑queen, double‑king, and single‑queen options
- 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two buildings provide varied guest accommodations, a lobby and office, laundry facilities, 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 $2,200,000.
What are key features of this property?
This property features: Two‑building motel with 18 guest rooms; Room layouts include double‑queen, double‑king, and single‑queen options; Two suites accommodate up to 10 guests each
