Comparable sales & offer analysis
Parcel NJ-692840
Cape May County, NJ · 1.57 ac · Unzoned · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$27,300
Adjusted value
$36,042
Value range
$27,003–$45,081
Comp $/acre
$22,956/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -24.3% versus the adjusted value.
Offer position
Max allowable offer
$20,595
Offer $/acre
$13,118/ac
Projected profit
$10,813
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-142693 | 1.4 | Apr 18, 2026 | $47,800 | 33,928 | 23,206 | 81 |
| NJ-642350 | 1.1 | Mar 18, 2025 | $36,800 | 33,425 | 28,010 | 79 |
| NJ-102110 | 0.9 | Jul 27, 2026 | $43,000 | 46,708 | 25,760 | 78 |
| NJ-732265 | 1.0 | Jan 19, 2026 | $45,500 | 44,191 | 35,777 | 78 |
| NJ-353240 | 2.1 | Sep 8, 2025 | $44,500 | 21,276 | 15,020 | 78 |
| NJ-173241 | 2.1 | Nov 16, 2025 | $80,300 | 38,401 | 22,051 | 77 |
| NJ-512297 | 1.1 | May 6, 2026 | $42,800 | 40,415 | 19,377 | 77 |
| NJ-673642 | 2.8 | Jul 27, 2026 | $71,500 | 25,520 | 20,587 | 75 |
| NJ-641961 | 0.8 | Sep 5, 2025 | $32,200 | 38,778 | 23,251 | 74 |
| NJ-902583 | 1.3 | Feb 14, 2025 | $22,700 | 17,493 | 15,846 | 73 |
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.