Comparable sales & offer analysis
Parcel NJ-265488
Cape May County, NJ · 10.66 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$454,000
Adjusted value
$407,453
Value range
$325,395–$489,511
Comp $/acre
$38,223/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +11.4% versus the adjusted value.
Offer position
Max allowable offer
$232,830
Offer $/acre
$21,841/ac
Projected profit
$122,236
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-445377 | 9.8 | Dec 19, 2025 | $430,100 | 43,751 | 44,904 | 83 |
| NJ-104960 | 7.3 | Jul 27, 2026 | $185,200 | 25,478 | 24,681 | 77 |
| NJ-765140 | 8.3 | May 31, 2026 | $560,500 | 67,696 | 39,769 | 76 |
| NJ-256307 | 19.3 | Jan 2, 2026 | $1,300,700 | 67,430 | 43,677 | 74 |
| NJ-255805 | 13.4 | Jun 9, 2024 | $746,000 | 55,633 | 43,435 | 70 |
| NJ-555778 | 13.2 | Aug 18, 2024 | $524,300 | 39,871 | 45,354 | 70 |
| NJ-734176 | 4.1 | Jun 20, 2025 | $163,500 | 39,684 | 33,615 | 69 |
| NJ-336740 | 26.4 | Jul 27, 2026 | $1,172,600 | 44,435 | 42,138 | 68 |
| NJ-344776 | 6.4 | Jun 19, 2024 | $132,700 | 20,863 | 25,659 | 68 |
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.