527 Shunpike Road

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527 Shunpike Road

Erma, NJ 08204
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 5.93 total acres in Erma.
  • Located in the Cape May County region of New Jersey.
  • Property is currently offered for sale to prospective developers.
  • Site dimensions support residential housing or subdivision planning.
  • Situated near regional thoroughfares for regional connectivity.
  • Coastal location appeals to both primary and seasonal residents.

What's Special

Developing residential housing on this 5.93-acre parcel in Erma provides a clear opportunity for expansion within the Cape May County real estate market. The site offers sufficient land area for single-family home construction or a small residential subdivision project, catering to local demand for living space. Residents in this coastal region benefit from proximity to historic attractions and the natural beauty of the southern New Jersey peninsula. This area maintains a suburban character that supports consistent residential growth and long-term interest from local families and seasonal visitors alike. Access to regional transportation routes facilitates travel toward larger metropolitan hubs while retaining the quiet appeal of the community. Developers and investors should evaluate the topography and local zoning requirements to determine the optimal density for this specific tract of land. The expansive footprint serves as a blank canvas for residential planning, providing flexibility to design projects that align with the regional aesthetic and neighborhood development patterns.

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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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