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Cape May County, NJ · Sold

NJ-255805

5515 County Road 185

$722,900
$53,908/ac · 13.41 ac
Acreage13.41 ac
Price per acre$53,908/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedJan 5, 2024
Coordinates39.1169, -74.7687
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

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands13.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area11.01 of 13.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$733,858
$582,527$885,188 · $54,725/ac on 13.41 ac
Asking vs estimate
-1.5%
In line with 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 $722,900
Maximum allowable offer
$419,347
$31,271/ac · +30.0% target margin

You need $303,553 off asking to hit this margin.

All-in cost$454,991
Net resale$675,149
Projected profit$220,158
ROI+48.4%
Annualized+69.3%
Break-even resale$36,880/ac
Profit if resale lands off target
-20%
$85,128
-10%
$152,643
0%
$220,158
+10%
$287,673
+20%
$355,188
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-445377
Gravel · Off grid
9.8Dec 19, 2025$430,10043,75162,7724.6 mi
83
NJ-765140
Paved · Full utilities
8.3May 31, 2026$560,50067,69655,5904.2 mi
79
NJ-555778
Landlocked · Full utilities
13.2Aug 18, 2024$524,30039,87163,4201.5 mi
78
NJ-256307
Paved · Full utilities
19.3Jan 2, 2026$1,300,70067,43061,0575.2 mi
76
NJ-104960
Dirt · Power at road
7.3Jul 27, 2026$185,20025,47834,4987.1 mi
75
NJ-336740
Paved · Off grid
26.4Jul 27, 2026$1,172,60044,43558,8989.3 mi
73
NJ-265488
Gravel · Off grid
10.7Dec 14, 2024$481,20045,14467,9036.4 mi
73
NJ-734176
Gravel · Power at road
4.1Jun 20, 2025$163,50039,68446,9972.9 mi
65
NJ-344776
Dirt · Off grid
6.4Jun 19, 2024$132,70020,86335,8816.2 mi
61
Show adjustment detail for the top comp
  • Tract size (9.83 ac → 13.41 ac)-2.7%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (8 mo)+2.8%

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.