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Cape May County, NJ · Sold

NJ-445377

4924 County Road 34

$406,500
$41,353/ac · 9.83 ac
Acreage9.83 ac
Price per acre$41,353/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedJan 10, 2025
Coordinates39.0678, -74.8254
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
18
Low risk
Wetlands5.0% of tract

Little to no mapped wetland coverage.

Average slope6.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3,358 ft away

Service extension needed; get a utility quote.

Buildable area8.87 of 9.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$379,562
$299,151$459,972 · $38,613/ac on 9.83 ac
Asking vs estimate
+7.1%
Priced above the comp set

Weighted from 9 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 $406,500
Maximum allowable offer
$216,892
$22,064/ac · +30.0% target margin

You need $189,608 off asking to hit this margin.

All-in cost$235,328
Net resale$349,197
Projected profit$113,869
ROI+48.4%
Annualized+69.3%
Break-even resale$26,021/ac
Profit if resale lands off target
-20%
$44,030
-10%
$78,949
0%
$113,869
+10%
$148,789
+20%
$183,708
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-104960
Dirt · Power at road
7.3Jul 27, 2026$185,20025,47824,7073.1 mi
82
NJ-765140
Paved · Full utilities
8.3May 31, 2026$560,50067,69639,8124.5 mi
82
NJ-265488
Gravel · Off grid
10.7Dec 14, 2024$481,20045,14448,6314.2 mi
79
NJ-255805
Gravel · Full utilities
13.4Jun 9, 2024$746,00055,63343,5004.6 mi
76
NJ-256307
Paved · Full utilities
19.3Jan 2, 2026$1,300,70067,43043,7281.6 mi
72
NJ-336740
Paved · Off grid
26.4Jul 27, 2026$1,172,60044,43542,1828.2 mi
72
NJ-555778
Landlocked · Full utilities
13.2Aug 18, 2024$524,30039,87145,4203.5 mi
70
NJ-734176
Gravel · Power at road
4.1Jun 20, 2025$163,50039,68433,6592.2 mi
69
NJ-344776
Dirt · Off grid
6.4Jun 19, 2024$132,70020,86325,6975.2 mi
68
Show adjustment detail for the top comp
  • Tract size (7.27 ac → 9.83 ac)-2.1%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%

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.