121 Teal Road

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121 Teal Road

Rio Grande, NJ 08242
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 located in Rio Grande, New Jersey
  • Strategically situated within Cape May County for development
  • Asset offers versatility for various residential construction projects
  • Located at 121 Teal Road within an established community
  • Site supports development to address regional housing demand

What's Special

Rio Grande serves as a central commercial and residential hub in Cape May County, providing accessibility to the region’s primary thoroughfares and coastal destinations. This residential land parcel at 121 Teal Road sits within a well-established community known for its proximity to local services and the Atlantic coastline. Its location makes it a practical choice for developers focused on meeting the housing demand in a growing New Jersey submarket. With its versatile footprint, the site is suitable for various residential development projects tailored to the needs of the surrounding area. Investors and builders will find the property positioned to benefit from the steady population trends and the established character of the township. Whether planning single-family or multi-unit housing, the parcel offers a clear foundation for a new residential venture in an area that balances coastal appeal with regional connectivity.

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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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