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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    113 Ocean Ter Seaside Heights, NJ 08751

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1411603
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 113 Ocean Ter

    Property type
    Commercial real estate

    Description

    This exceptional 5,400 square foot commercial land parcel presents a unique investment opportunity in the vibrant seaside town of Seaside Heights, New Jersey. Located directly on the Ocean Terrace boardwalk, this property boasts an enviable beachfront position with unparalleled exposure and high foot traffic. The lot is zoned RR (resort recreational), allowing for a variety of development possibilities, including residential and mixed-use projects. This flexibility makes it ideal for a range of commercial ventures, from restaurants and retail spaces to hotels and entertainment venues. Imagine the potential for creating a thriving business in this highly sought-after location. The property's prime position offers unmatched visibility and accessibility, ensuring a strong return on investment. With its expansive size and desirable zoning, this lot provides a blank canvas for a visionary developer to create a landmark property. The 2023 property taxes were $34,368. This exceptional offering is priced at $2,300,000 and represents a rare chance to acquire a piece of Seaside Heights' thriving beachfront real estate market. Don't miss this opportunity to capitalize on the potential of this exceptional location. The address is 113 Ocean Terrace, Seaside Heights, NJ 08751.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Seaside Heights
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.0717685
    Latitude
    39.9380954

    Comparable in this City

    • $699,000

      Two Building Lots Near Beach

      Two building lots, handyman special, near the beach.
      242 Sherman Ave, Seaside Heights, NJ 08751
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    • $2,399,000

      Seaside Heights Land For Sale

      12,000 sq ft mixed-use site, one block from beaches.
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    • $279,000

      Buildable Lot Near Seaside Beach

      Oversized lot, one block from the beach, build your dream home.
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      Ocean Block Development Site

      41,000 sq ft development site near the ocean.
      45-55 Dupont Ave, Seaside Heights, NJ 08751
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    • $1,499,000
      Pending

      Ortley Beach Oversized Lot

      Oversized lot in Ortley Beach, build your dream home.
      1 7Th Ave, Ortley Beach, NJ 08751
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    • $2,499,000

      Seaside Heights Land Opportunity

      Land available near beaches, boardwalk, and amusement pier.
      707-715 Blvd Blvd, Seaside Heights, NJ 08751
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    Similar Nearby for Sale

    • $699,000

      Two Building Lots Near Beach

      Two building lots, handyman special, near the beach.
      242 Sherman Ave, Seaside Heights, NJ 08751
      View Details
    • $2,399,000

      Seaside Heights Land For Sale

      12,000 sq ft mixed-use site, one block from beaches.
      707 Boulevard, Seaside Heights, NJ 08751
      View Details
    • $279,000

      Buildable Lot Near Seaside Beach

      Oversized lot, one block from the beach, build your dream home.
      111 Dupont Ave, Seaside Heights, NJ 08751
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    • $11,499,000
      1.00 Acre

      Ocean Block Development Site

      41,000 sq ft development site near the ocean.
      45-55 Dupont Ave, Seaside Heights, NJ 08751
      View Details
    • $270,000
      Pending

      Seaside Heights Land Opportunity

      Land for sale in Seaside Heights with bay views.
      1400 Pending, Seaside Heights, NJ 08751
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    • $11,499,000

      Ocean Block Development Site

      Development site near beach, boardwalk, and amenities.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Seaside Heights Retail Opportunity

      Retail space available in Seaside Heights, New Jersey.
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    • $2,500 /Mo

      Spacious Townhome Near Beach/Boardwalk

      Multi-level townhome near the beach, available for rent.
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      Seaside Heights Retail Opportunity

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      12,494 SF

      Boardwalk Kiosk in Seaside Heights

      Prime boardwalk kiosk location with high foot traffic, ready for lease.
      2 Boardwalk, Seaside Heights, NJ 08751
      View Details
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    113 Ocean Ter
    Seaside Heights, NJ 08751
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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