Comparable sales & offer analysis
Parcel NJ-512297
Cape May County, NJ · 1.06 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$42,500
Adjusted value
$60,078
Value range
$45,631–$74,524
Comp $/acre
$56,677/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -29.3% versus the adjusted value.
Offer position
Max allowable offer
$34,330
Offer $/acre
$32,387/ac
Projected profit
$18,023
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-102110 | 0.9 | Jul 27, 2026 | $43,000 | 46,708 | 54,657 | 85 |
| NJ-732265 | 1.0 | Jan 19, 2026 | $45,500 | 44,191 | 75,910 | 80 |
| NJ-231302 | 0.5 | May 15, 2026 | $20,100 | 39,433 | 58,593 | 78 |
| NJ-902583 | 1.3 | Feb 14, 2025 | $22,700 | 17,493 | 33,620 | 77 |
| NJ-132358 | 1.1 | Jun 6, 2025 | $33,700 | 30,643 | 54,012 | 77 |
| NJ-142693 | 1.4 | Apr 18, 2026 | $47,800 | 33,928 | 49,236 | 76 |
| NJ-461416 | 0.6 | Apr 1, 2026 | $25,300 | 45,118 | 47,393 | 76 |
| NJ-642350 | 1.1 | Mar 18, 2025 | $36,800 | 33,425 | 59,430 | 76 |
| NJ-161950 | 0.8 | Feb 21, 2025 | $64,800 | 78,985 | 84,131 | 75 |
| NJ-641961 | 0.8 | Sep 5, 2025 | $32,200 | 38,778 | 49,332 | 75 |
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.