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Cape May County, NJ · Sold

NJ-344776

7309 County Road 279

$157,400
$24,748/ac · 6.36 ac
Acreage6.36 ac
Price per acre$24,748/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedNov 6, 2023
Coordinates39.1277, -74.8836
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

3 items to verify before you offer.

Risk index
21
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope16.7%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

513 ft of deeded road frontage.

Power6,298 ft away

A long utility run — price in solar/off-grid instead.

Buildable area4.91 of 6.36 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$201,156
$148,861$253,452 · $31,628/ac on 6.36 ac
Asking vs estimate
-21.8%
Priced below 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 $157,400
Maximum allowable offer
$114,946
$18,073/ac · +30.0% target margin

You need $42,454 off asking to hit this margin.

All-in cost$124,716
Net resale$185,064
Projected profit$60,347
ROI+48.4%
Annualized+69.3%
Break-even resale$21,315/ac
Profit if resale lands off target
-20%
$23,335
-10%
$41,841
0%
$60,347
+10%
$78,854
+20%
$97,360
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-104960
Dirt · Power at road
7.3Jul 27, 2026$185,20025,47821,8764.5 mi
86
NJ-765140
Paved · Full utilities
8.3May 31, 2026$560,50067,69635,2522.1 mi
81
NJ-673642
Dirt · Off grid
2.8Jul 27, 2026$71,50025,52024,7477.0 mi
76
NJ-734176
Gravel · Power at road
4.1Jun 20, 2025$163,50039,68429,8034.0 mi
76
NJ-445377
Gravel · Off grid
9.8Dec 19, 2025$430,10043,75139,8075.2 mi
75
NJ-256307
Paved · Full utilities
19.3Jan 2, 2026$1,300,70067,43038,7193.8 mi
71
NJ-265488
Gravel · Off grid
10.7Dec 14, 2024$481,20045,14443,0609.3 mi
70
NJ-353240
Dirt · Power at road
2.1Sep 8, 2025$44,50021,27618,0594.2 mi
66
NJ-173241
Dirt · Full utilities
2.1Nov 16, 2025$80,30038,40126,5127.0 mi
66
NJ-555778
Landlocked · Full utilities
13.2Aug 18, 2024$524,30039,87140,2176.6 mi
62
Show adjustment detail for the top comp
  • Tract size (7.27 ac → 6.36 ac)+0.8%
  • 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.