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Cape May County, NJ · Sold

NJ-142693

5991 County Road 359

$54,300
$38,511/ac · 1.41 ac
Acreage1.41 ac
Price per acre$38,511/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedOct 8, 2025
Coordinates39.1045, -74.9373
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Cape May County, New Jersey. Pinelands restrictions keep supply extremely tight.

View Cape May market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
1
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

142 ft of deeded road frontage.

Power243 ft away

Power at or near the road.

Buildable area1.32 of 1.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$47,539
$35,060$60,018 · $33,716/ac on 1.41 ac
Asking vs estimate
+14.2%
Priced above the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $54,300
Maximum allowable offer
$27,165
$19,266/ac · +30.0% target margin

You need $27,135 off asking to hit this margin.

All-in cost$29,474
Net resale$43,736
Projected profit$14,262
ROI+48.4%
Annualized+69.3%
Break-even resale$22,721/ac
Profit if resale lands off target
-20%
$5,515
-10%
$9,889
0%
$14,262
+10%
$18,636
+20%
$23,010
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-732265
Dirt · Off grid
1.0Jan 19, 2026$45,50044,19153,0292.9 mi
80
NJ-102110
Dirt · Full utilities
0.9Jul 27, 2026$43,00046,70838,1778.1 mi
79
NJ-692840
Landlocked · Off grid
1.6Oct 19, 2025$28,50018,13627,9633.3 mi
79
NJ-512297
Gravel · Full utilities
1.1May 6, 2026$42,80040,41528,7185.8 mi
78
NJ-132358
Dirt · Off grid
1.1Jun 6, 2025$33,70030,64337,7378.4 mi
78
NJ-673642
Dirt · Off grid
2.8Jul 27, 2026$71,50025,52030,5106.3 mi
77
NJ-353240
Dirt · Power at road
2.1Sep 8, 2025$44,50021,27622,2646.9 mi
76
NJ-642350
Dirt · Off grid
1.1Mar 18, 2025$36,80033,42541,5243.0 mi
76
NJ-902583
Landlocked · Power at road
1.3Feb 14, 2025$22,70017,49323,4917.8 mi
75
NJ-173241
Dirt · Full utilities
2.1Nov 16, 2025$80,30038,40132,6868.0 mi
74
Show adjustment detail for the top comp
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (7 mo)+2.4%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.