508 SHUNPIKE Road

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508 SHUNPIKE Road

Erma, NJ 08204-4521
Asking Price
Contact for price
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel spanning 1.03 acres in Erma
  • Strategically situated in the Cape May County region
  • The site supports development for single-family residential use
  • Accessible location near regional roads and local infrastructure
  • Property dimensions accommodate various site plan configurations

What's Special

This 1.03-acre residential land parcel sits in Erma, New Jersey. The property provides a blank canvas for residential development within a quiet Cape May County community. Situated near major local thoroughfares, the site is positioned to benefit from the steady growth of the region's housing market. Residents in this area enjoy proximity to the coastal amenities and tourism-driven economy that define this part of the state, while still maintaining distance from the denser hubs. Given the dimensions and residential zoning designation, this land is well-suited for a single-family dwelling or a small-scale custom housing project. Developers and private buyers alike will find the site provides sufficient space for landscaping, recreational features, or auxiliary structures that typically characterize residential life in this part of Southern New Jersey. The surrounding region remains characterized by its mix of agricultural roots and increasing residential density, offering a balanced environment for new construction.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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