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Cape May County, NJ · Sold

NJ-512297

2379 County Road 355

$42,500
$40,094/ac · 1.06 ac
Acreage1.06 ac
Price per acre$40,094/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJul 26, 2025
Coordinates39.0780, -74.8350
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

1 item to verify before you offer.

Risk index
19
Low risk
Wetlands7.6% of tract

Little to no mapped wetland coverage.

Average slope8.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area0.93 of 1.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$59,749
$45,396$74,102 · $56,367/ac on 1.06 ac
Asking vs estimate
-28.9%
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 $42,500
Maximum allowable offer
$34,142
$32,210/ac · +30.0% target margin

You need $8,358 off asking to hit this margin.

All-in cost$37,044
Net resale$54,969
Projected profit$17,925
ROI+48.4%
Annualized+69.3%
Break-even resale$37,986/ac
Profit if resale lands off target
-20%
$6,931
-10%
$12,428
0%
$17,925
+10%
$23,422
+20%
$28,919
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-102110
Dirt · Full utilities
0.9Jul 27, 2026$43,00046,70854,3533.3 mi
86
NJ-732265
Dirt · Off grid
1.0Jan 19, 2026$45,50044,19175,4984.2 mi
81
NJ-231302
Landlocked · Full utilities
0.5May 15, 2026$20,10039,43358,2704.8 mi
79
NJ-142693
Dirt · Power at road
1.4Apr 18, 2026$47,80033,92848,9665.8 mi
77
NJ-902583
Landlocked · Power at road
1.3Feb 14, 2025$22,70017,49333,4444.5 mi
77
NJ-132358
Dirt · Off grid
1.1Jun 6, 2025$33,70030,64353,7254.2 mi
77
NJ-461416
Paved · Power at road
0.6Apr 1, 2026$25,30045,11847,1334.6 mi
77
NJ-642350
Dirt · Off grid
1.1Mar 18, 2025$36,80033,42559,1184.2 mi
76
NJ-161950
Gravel · Full utilities
0.8Feb 21, 2025$64,80078,98583,6904.8 mi
76
NJ-641961
Gravel · Power at road
0.8Sep 5, 2025$32,20038,77849,0677.6 mi
76
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%

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.