← New search
Essex County, NJ · Sold

NJ-237336

8720 County Road 22

$929,700
$22,871/ac · 40.65 ac
Acreage40.65 ac
Price per acre$22,871/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedAug 22, 2024
Coordinates40.7494, -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

4 items to verify before you offer.

Risk index
21
Low risk
Wetlands13.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope11.6%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,336 ft of deeded road frontage.

Power187 ft away

Power at or near the road.

Buildable area33.52 of 40.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,443,479
$1,265,201$1,621,757 · $35,510/ac on 40.65 ac
Asking vs estimate
-35.6%
Priced below 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 $929,700
Maximum allowable offer
$824,845
$20,291/ac · +30.0% target margin

You need $104,855 off asking to hit this margin.

All-in cost$894,957
Net resale$1,328,001
Projected profit$433,044
ROI+48.4%
Annualized+69.2%
Break-even resale$23,931/ac
Profit if resale lands off target
-20%
$167,444
-10%
$300,244
0%
$433,044
+10%
$565,844
+20%
$698,644
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-287830
Paved · Power at road
58.1Jul 27, 2026$2,453,80042,20638,4767.5 mi
80
NJ-376567
Dirt · Off grid
23.3Jun 24, 2026$647,70027,80934,9696.9 mi
75
NJ-736907
Gravel · Off grid
29.8Nov 28, 2024$1,004,50033,72040,3143.2 mi
73
NJ-836532
Dirt · Off grid
22.7Aug 22, 2025$502,00022,11628,6821.5 mi
71
NJ-378116
Gravel · Power at road
71.5Aug 31, 2024$2,311,90032,32539,2863.7 mi
70
NJ-645680
Gravel · Full utilities
12.3Feb 12, 2025$505,70041,28130,5186.0 mi
65
Show adjustment detail for the top comp
  • Tract size (58.14 ac → 40.65 ac)+7.3%
  • Access (Paved → Gravel)-15.3%

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.