Two-Building
For Sale
$2,200,000
61 Sumner Avenue, Seaside Heights, NJ 08751
Commercial Sale, Seaside Heights, NJ
Property Size9,830 SF
Lot Size0.16 Acres
Price / SF$223.80
Days on Market14
Property Features for 61 Sumner Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Route 37 - over the bridge to Sumner Ave
Subdivision
Seaside Heights
Standard status
Active
APN
27-00006-01-00059
Size
9,830 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
24114
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
on-site laundry facilities
lobby/office area
seating area
Building Details
Year built
1940
Floors in Building
3
Listing Agency:
Keller Williams Realty Freehold
(732) 536-9010
Listed By:
Iftikhar Haq · License #0789304
(732) 769-1110
Added: Sep 14
Changed: Sep 26
Last Checked: Sep 27 at 1:06PM
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.
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 = 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
3.25%
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 3.25%
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
