Comparable sales & offer analysis
Parcel NJ-231302
Cape May County, NJ · 0.51 ac · Recreational · Landlocked · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$19,300
Adjusted value
$18,946
Value range
$13,975–$23,916
Comp $/acre
$37,148/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +1.9% versus the adjusted value.
Offer position
Max allowable offer
$10,826
Offer $/acre
$21,228/ac
Projected profit
$5,684
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-461416 | 0.6 | Apr 1, 2026 | $25,300 | 45,118 | 32,234 | 85 |
| NJ-512297 | 1.1 | May 6, 2026 | $42,800 | 40,415 | 27,962 | 79 |
| NJ-102110 | 0.9 | Jul 27, 2026 | $43,000 | 46,708 | 37,172 | 79 |
| NJ-810053 | 0.3 | Jul 27, 2026 | $15,600 | 51,850 | 43,015 | 76 |
| NJ-960383 | 0.3 | Mar 25, 2026 | $13,800 | 46,063 | 31,769 | 72 |
| NJ-350464 | 0.3 | Jul 10, 2025 | $11,000 | 36,773 | 37,030 | 70 |
| NJ-902583 | 1.3 | Feb 14, 2025 | $22,700 | 17,493 | 22,872 | 69 |
| NJ-732265 | 1.0 | Jan 19, 2026 | $45,500 | 44,191 | 51,633 | 67 |
| NJ-161950 | 0.8 | Feb 21, 2025 | $64,800 | 78,985 | 57,235 | 67 |
| NJ-641961 | 0.8 | Sep 5, 2025 | $32,200 | 38,778 | 33,557 | 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.