Comparable sales & offer analysis
Parcel NJ-902583
Cape May County, NJ · 1.30 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$27,300
Adjusted value
$36,872
Value range
$29,653–$44,090
Comp $/acre
$28,363/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -26.0% versus the adjusted value.
Offer position
Max allowable offer
$21,069
Offer $/acre
$16,207/ac
Projected profit
$11,061
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-512297 | 1.1 | May 6, 2026 | $42,800 | 40,415 | 22,859 | 84 |
| NJ-142693 | 1.4 | Apr 18, 2026 | $47,800 | 33,928 | 27,376 | 81 |
| NJ-102110 | 0.9 | Jul 27, 2026 | $43,000 | 46,708 | 30,390 | 80 |
| NJ-692840 | 1.6 | Oct 19, 2025 | $28,500 | 18,136 | 22,255 | 76 |
| NJ-231302 | 0.5 | May 15, 2026 | $20,100 | 39,433 | 32,578 | 76 |
| NJ-673642 | 2.8 | Jul 27, 2026 | $71,500 | 25,520 | 24,286 | 75 |
| NJ-732265 | 1.0 | Jan 19, 2026 | $45,500 | 44,191 | 42,207 | 74 |
| NJ-461416 | 0.6 | Apr 1, 2026 | $25,300 | 45,118 | 26,351 | 73 |
| NJ-173241 | 2.1 | Nov 16, 2025 | $80,300 | 38,401 | 26,014 | 72 |
| NJ-132358 | 1.1 | Jun 6, 2025 | $33,700 | 30,643 | 30,031 | 71 |
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.