Comparable sales & offer analysis
Parcel NJ-445377
Cape May County, NJ · 9.83 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$406,500
Adjusted value
$381,680
Value range
$300,836–$462,524
Comp $/acre
$38,828/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +6.5% versus the adjusted value.
Offer position
Max allowable offer
$218,103
Offer $/acre
$22,187/ac
Projected profit
$114,504
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| NJ-104960 | 7.3 | Jul 27, 2026 | $185,200 | 25,478 | 24,844 | 81 |
| NJ-765140 | 8.3 | May 31, 2026 | $560,500 | 67,696 | 40,033 | 81 |
| NJ-265488 | 10.7 | Dec 14, 2024 | $481,200 | 45,144 | 48,885 | 78 |
| NJ-255805 | 13.4 | Jun 9, 2024 | $746,000 | 55,633 | 43,723 | 75 |
| NJ-256307 | 19.3 | Jan 2, 2026 | $1,300,700 | 67,430 | 43,967 | 71 |
| NJ-336740 | 26.4 | Jul 27, 2026 | $1,172,600 | 44,435 | 42,417 | 70 |
| NJ-555778 | 13.2 | Aug 18, 2024 | $524,300 | 39,871 | 45,655 | 69 |
| NJ-734176 | 4.1 | Jun 20, 2025 | $163,500 | 39,684 | 33,838 | 68 |
| NJ-344776 | 6.4 | Jun 19, 2024 | $132,700 | 20,863 | 25,829 | 67 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.