Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Buildable Lot Near Beach Title is generated by Realmo AI

    408 W Anna Street, Cape May Court House, NJ 08210

    View on Map
    Claim this Listing
    For Sale
    $89,900

    LAND - Cape May Court House, NJ

    Lot size:
    0.89 Acres
    Added:
    Jul 30, 2025
    Days on Market:
    297
    Last Refresh:
    May 22 at 1:06 am

    Property Features for 408 W Anna Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    781

    We can help!

    Listing Contact
    TATSIANA KISLAYA
    TATSIANA KISLAYA

    Listing agent TATSIANA KISLAYA License #1648192

    Listing office KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield 802 TILTON ROAD, Northfield, NJ

    Listing date Jul 30, 2025

    MLS# 598777 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Buildable 250x155 lot.
    • Unbeatable location minutes from North Wildwood beach.
    • Close proximity to shops, restaurants, and local businesses.
    • Situated around the corner from a popular bike path.
    • Survey of the lot is available.
    • SJ Gas Main Extension plans are available.

    Overview

    This spacious buildable lot, measuring 250x155, presents a rare opportunity to construct a dream home in a desirable location. Situated minutes from North Wildwood beach, the 0.89-acre property offers both peaceful surroundings and convenient access to amenities. The lot is located near a popular bike path and is in close proximity to shops, restaurants, and local businesses. Survey of the lot and SJ Gas Main Extension plans are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape May Court House
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.865593
    Latitude
    39.040642

    Nearby Similar for Sale

    • $1,599,995
      4,200 SF

      Main Street Mixed-Use Investment Property

      Seven-unit mixed-use building in downtown Cape May Court House.
      5 S Main Street, Cape May Court House, NJ 08210
      View Details
    • $524,900

      Versatile Commercial/Residential Property

      Charming property suitable for residential or commercial use.
      33 E MECHANIC Street, CAPE MAY COURT HOUSE, NJ 08210
      View Details
    • $1,599,995

      Prime Mixed-Use Investment Opportunity

      Seven-unit mixed-use building in the heart of Cape May Court House.
      5 S Main, Cape May Court House, NJ 08210
      View Details
    • $2,700
      3,200 SF

      Multi-Use Flex Property Available

      3,200 sq ft flex space for office/warehouse/manufacturing/restaurant.
      371 Route 47, Cape May Court House, NJ 08219
      View Details
    • $3,000,000

      Prime Development Parcel Near Stone Harbor

      Rare mixed-use opportunity minutes from Stone Harbor beaches.
      530 Stone Harbor Boulevard lot: 25, Cape May Court House, NJ 08210
      View Details
    • $3,000,000

      Prime Development Parcel Near Stone Harbor

      Mixed-use development opportunity near beaches, shopping, and major routes.
      530 Stone Harbor Boulevard lot: 25, Cape May Court House, NJ 08210
      View Details
    • $550,000
      1,914 SF

      Turn-Key Professional Office Building

      Strategically located, furnished offices suitable for various professions.
      309 S Main Street, Cape May Court House, NJ 08210-2324
      View Details
    • $649,900

      Duplex Near Avalon Golf Course

      Duplex near Avalon Golf Course, 10 minutes from beaches.
      1 Siegtown Road, Cape May Court House, NJ 08210-1437
      View Details
    • $898,000

      Route 9 Development Opportunity

      3.5-acre commercial land on Route 9, Cape May Court House.
      1205 RT 9 S, Cape May Court House, NJ 08210
      View Details
    • $185,000

      Residential Lot in Cape May

      Partially cleared residential lot near Cape May Court House.
      17 Ella Avenue lot: 2,3, Cape May Court House, NJ 08210
      View Details
    • $524,900

      Versatile Single-Family or Office Property

      Charming property suitable for residential or commercial use.
      33 E Mechanic Street, Cape May Court House, NJ 08210
      View Details
    • $524,900

      Versatile Commercial/Residential Property

      Charming property suitable for residential or commercial use.
      33 E Mechanic Street, Cape May Court House, NJ 08210
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large lot near beach, shops, and restaurants.
    Where is this residential land & home lot located?
    The property is located at 408 W Anna Street Cape May Court House, NJ.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Buildable 250x155 lot.; Unbeatable location minutes from North Wildwood beach.; Close proximity to shops, restaurants, and local businesses.
    (609) 770-1450
    We can help!
    Listing Contact
    TATSIANA KISLAYA
    TATSIANA KISLAYA
    Real Estate License ID: 1648192
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    408 W Anna Street, Cape May Court House, NJ 08210
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!