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Property profile & analytics
OFF-MARKET Estimated value $790,000
Motels

8037 Black Horse Pike Pleasantville, NJ 08232-2854

4.22 ac lot
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US59-3080174
Property summary
AI-generated overview

This exceptional 142-key Ramada hotel presents a lucrative investment opportunity. Strategically located at 8037 Black Horse Pike in Pleasantville, New Jersey (zip code 08234), this property boasts a prime position on Route 40, offering easy access to Atlantic City's renowned beaches, casinos, and shopping outlets, including premium outlet malls. The hotel's 4.22-acre lot houses two distinct sections: a five-story building with 90 rooms accessed via an indoor corridor and elevators, and a separate two-story building with 52 rooms featuring exterior entrances. All 142 guest rooms are equipped with modern amenities including air conditioning, free Wi-Fi, flat-screen TVs, and private bathrooms. The hotel's proximity to Stockton University further enhances its appeal to a diverse clientele. This established business presents a compelling opportunity for significant returns, capitalizing on the consistent demand for hospitality services in this vibrant region. The asking price for this turnkey operation is $6,500,000. This represents a rare chance to acquire a well-established hotel with significant growth potential in a high-traffic area. The property's location near major attractions and its substantial room count make it an attractive investment for experienced hospitality operators.

Property profile
Verified
Property type Motels
Use group MOTEL
Construction METAL FRAME
Lot 4.22 ac (183,823 SF)
APN 08 04306-0000-00003
UPID US59-3080174
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$790k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$790k
Owner & transaction history
Lakes Bay Hospitality LLC · 20 yrs held
Lakes Bay Hospitality LLC
since 2005
3 recorded transactions
2005
$4.0M
2004
$4,600
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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