Oceanfront Tap
For Sale
$2,499,900
919 Ocean Terrace, Seaside Heights, NJ 08751
Commercial Sale, Seaside Heights, NJ
Property Size6,000 SF
Price / SF$416.65
Days on Market1372
Property Features for 919 Ocean Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Central Business
Rooms
Basement
Parking
3
Parking features
Off Street
Interior features
Refrigeration
Exterior features
Display Window
Basement
Full, Walk-Out Access
Lot features
Oceanside, Beachfront, Corner Lot
Directions
Estate Sale, Ocean Front Bar Located at the heart of the Seaside Heights boardwalk across from the Casino Pier. Corner of Sheridan and Ocean Terrace. Room for a Kitchen.
Subdivision
Seaside Heights
Standard status
Active
APN
11111111
Size
6,000 SF
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
26728
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Water front features
Ocean Front, Beach Front
Water front
1
Building Details
Floors in Building
2
Flooring type
Concrete
Building materials
Block, Concrete
Roof type
Flat
Listing Agency:
Seaside Heights Realty Inc.
(732) 793-5200
Listed By:
Michael Loundy · License #8435976
(732) 330-6651
Added: Dec 31, 2022
Changed: Oct 2
Last Checked: Oct 3 at 1:06AM
MLS# 22238259
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 6,000-square-foot bar and pub property occupies a corner oceanfront position with a boardwalk-level layout, interior seating, and additional outdoor seating. Recent renovations, concrete construction, central air, forced-air heat, and refrigeration are in place. The property also includes a substantial basement that can support storage, offices, walk-in refrigeration, kitchen functions, or additional expansion.
The location is adjacent to Casino Pier and its rides and amusements, with beach-front and ocean-front access. Public water and public sewer serve the property, while off-street parking is provided. A consumption liquor license is included in the sale, and the main level offers room for a kitchen addition.
The location is adjacent to Casino Pier and its rides and amusements, with beach-front and ocean-front access. Public water and public sewer serve the property, while off-street parking is provided. A consumption liquor license is included in the sale, and the main level offers room for a kitchen addition.
Key Highlights
- 6,000 square feet of bar and pub space
- Ocean‑front, beach‑front corner location at the boardwalk
- Consumption liquor license included
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
$91,757
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
3.67%
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%
$1,835,140
$1.8M
Cap Rate 7%
$1,310,814
$1.3M
Cap Rate 9%
$1,019,522
$1.0M
Market Conditions
NOI Build-Up for 6,000 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
$129.6K $21.60/SF
− Vacancy
−$7.3K −$1.21/SF
EGI
$122.3K $20.39/SF
− OpEx
−$30.6K −$5.10/SF
NOI
$91.8K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,835,140
Cap Rate 7%
$1,310,814
Cap Rate 9%
$1,019,522
Alternative Uses
Best Use
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,757 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
7-Eleven
Shops & Services
2,117 visits/mo
0.1 miles
Three Brothers Pizza
Dining
530 visits/mo
0.5 miles
Marathon
Shops & Services
263 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- The Pier at Seaside — 2 Ocean Terrace, Seaside Heights, NJ 08751
- Sawmill Beach Bar — 1800 boardwalk, seaside park, nj 08752
- Sand Bar Seaside Park — 1807 Boardwalk #5, Seaside Park, NJ 08752
- Barrel Brothers Wine & Spirits — 13 Boulevard, Seaside Heights, NJ 08751
- Bamboo Bar — 201 Boulevard, Seaside Heights, NJ 08751
Frequently Asked Questions
What type of property is this?
Bar & Pub - Renovated boardwalk-level venue with interior and exterior seating, a full basement, and a consumption liquor license.
Where is this bar & pub located?
The property is located at 919 Ocean Terrace Seaside Heights, NJ.
What is the asking price?
The asking price for this property is $2,499,900.
What are key features of this property?
This property features: 6,000 square feet of bar and pub space; Ocean‑front, beach‑front corner location at the boardwalk; Consumption liquor license included
