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Essex County, NJ · Sold

NJ-189331

8690 County Road 139

$4,597,500
$26,658/ac · 172 ac
Acreage172 ac
Price per acre$26,658/ac
ZoningRecreational
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedJun 9, 2024
Coordinates40.7701, -74.2601
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Essex County, New Jersey. Pinelands restrictions keep supply extremely tight.

View Essex market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
19
Low risk
Wetlands7.1% of tract

Little to no mapped wetland coverage.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3,582 ft away

Service extension needed; get a utility quote.

Buildable area152.20 of 172.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,276,608
$3,571,895$4,981,322 · $24,798/ac on 172 ac
Asking vs estimate
+7.5%
Priced above the comp set

Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $4,597,500
Maximum allowable offer
$2,443,776
$14,170/ac · +30.0% target margin

You need $2,153,724 off asking to hit this margin.

All-in cost$2,651,497
Net resale$3,934,480
Projected profit$1,282,983
ROI+48.4%
Annualized+69.2%
Break-even resale$16,711/ac
Profit if resale lands off target
-20%
$496,087
-10%
$889,535
0%
$1,282,983
+10%
$1,676,431
+20%
$2,069,878
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-287830
Paved · Power at road
58.1Jul 27, 2026$2,453,80042,20627,5536.1 mi
72
NJ-376567
Dirt · Off grid
23.3Jun 24, 2026$647,70027,80925,0425.6 mi
64
NJ-378116
Gravel · Power at road
71.5Aug 31, 2024$2,311,90032,32528,1343.2 mi
62
NJ-736907
Gravel · Off grid
29.8Nov 28, 2024$1,004,50033,72028,8702.2 mi
62
NJ-836532
Dirt · Off grid
22.7Aug 22, 2025$502,00022,11620,5401.3 mi
60
NJ-237336
Gravel · Power at road
40.6Dec 30, 2024$939,90023,12217,6891.4 mi
59
Show adjustment detail for the top comp
  • Tract size (58.14 ac → 172.46 ac)-23.4%
  • Utilities (Power at road → Off grid)-15.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.