Comparable sales & offer analysis
Parcel NJ-299156
Cape May County, NJ · 152 ac · Residential · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$3,933,900
Adjusted value
$3,523,780
Value range
$2,808,175–$4,239,384
Comp $/acre
$23,195/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +11.6% versus the adjusted value.
Offer position
Max allowable offer
$2,013,588
Offer $/acre
$13,254/ac
Projected profit
$1,057,134
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-639455 | 188.7 | Sep 6, 2025 | $2,123,400 | 11,255 | 15,511 | 76 |
| NJ-549914 | 263.1 | Mar 7, 2026 | $3,512,000 | 13,349 | 19,798 | 76 |
| NJ-336740 | 26.4 | Jul 27, 2026 | $1,172,600 | 44,435 | 25,943 | 66 |
| NJ-256307 | 19.3 | Jan 2, 2026 | $1,300,700 | 67,430 | 26,895 | 62 |
| NJ-255805 | 13.4 | Jun 9, 2024 | $746,000 | 55,633 | 26,754 | 55 |
| NJ-555778 | 13.2 | Aug 18, 2024 | $524,300 | 39,871 | 27,935 | 50 |
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.