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Cape May County, NJ · Sold

NJ-173241

2297 County Road 128

$97,400
$46,603/ac · 2.09 ac
Acreage2.09 ac
Price per acre$46,603/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographySloped
ListedApr 29, 2025
Coordinates39.0442, -74.8090
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

2 items to verify before you offer.

Risk index
24
Low risk
Wetlands2.7% of tract

Little to no mapped wetland coverage.

Average slope26.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

248 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area1.22 of 2.09 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$85,529
$64,402$106,656 · $40,923/ac on 2.09 ac
Asking vs estimate
+13.9%
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 $97,400
Maximum allowable offer
$48,874
$23,385/ac · +30.0% target margin

You need $48,526 off asking to hit this margin.

All-in cost$53,028
Net resale$78,687
Projected profit$25,658
ROI+48.4%
Annualized+69.2%
Break-even resale$27,579/ac
Profit if resale lands off target
-20%
$9,921
-10%
$17,790
0%
$25,658
+10%
$33,527
+20%
$41,396
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-353240
Dirt · Power at road
2.1Sep 8, 2025$44,50021,27626,9774.6 mi
86
NJ-102110
Dirt · Full utilities
0.9Jul 27, 2026$43,00046,70846,2581.0 mi
85
NJ-673642
Dirt · Off grid
2.8Jul 27, 2026$71,50025,52036,9683.8 mi
84
NJ-692840
Landlocked · Off grid
1.6Oct 19, 2025$28,50018,13633,8827.0 mi
77
NJ-142693
Dirt · Power at road
1.4Apr 18, 2026$47,80033,92841,6738.0 mi
77
NJ-104960
Dirt · Power at road
7.3Jul 27, 2026$185,20025,47832,6804.1 mi
76
NJ-512297
Gravel · Full utilities
1.1May 6, 2026$42,80040,41534,7972.7 mi
76
NJ-642350
Dirt · Off grid
1.1Mar 18, 2025$36,80033,42550,3136.9 mi
72
NJ-732265
Dirt · Off grid
1.0Jan 19, 2026$45,50044,19164,2546.9 mi
71
NJ-132358
Dirt · Off grid
1.1Jun 6, 2025$33,70030,64345,7245.6 mi
69
Show adjustment detail for the top comp
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (11 mo)+3.9%

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.