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Mercer County, NJ · Sold

NJ-386693

692 County Road 111

$506,400
$19,851/ac · 25.51 ac
Acreage25.51 ac
Price per acre$19,851/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedJul 23, 2025
Coordinates40.3448, -74.7762
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

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

View Mercer market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
57
High risk
Wetlands3.7% of tract

Little to no mapped wetland coverage.

Average slope26.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power11,674 ft away

A long utility run — price in solar/off-grid instead.

Buildable area14.74 of 25.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$602,318
$508,701$695,936 · $23,611/ac on 25.51 ac
Asking vs estimate
-15.9%
Priced below the comp set

Weighted from 9 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 $506,400
Maximum allowable offer
$344,182
$13,492/ac · +30.0% target margin

You need $162,218 off asking to hit this margin.

All-in cost$373,437
Net resale$554,133
Projected profit$180,695
ROI+48.4%
Annualized+69.2%
Break-even resale$15,912/ac
Profit if resale lands off target
-20%
$69,869
-10%
$125,282
0%
$180,695
+10%
$236,109
+20%
$291,522
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-775928
Landlocked · Full utilities
14.7Jun 1, 2026$615,40041,97727,5161.0 mi
86
NJ-486998
Landlocked · Power at road
31.8Jan 6, 2026$1,055,40033,16829,9253.8 mi
85
NJ-557353
Landlocked · Off grid
41.1Jul 27, 2026$809,60019,67521,3493.3 mi
83
NJ-886293
Dirt · Power at road
19.1Jan 31, 2025$651,60034,13523,4820.4 mi
74
NJ-525333
Gravel · Full utilities
9.5Feb 25, 2026$484,70050,91522,0641.3 mi
70
NJ-255420
Gravel · Power at road
10.1Jun 9, 2026$408,00040,23221,1258.5 mi
68
NJ-355515
Dirt · Full utilities
10.9Oct 21, 2025$521,40047,96324,7796.8 mi
65
NJ-846079
Dirt · Off grid
16.4May 5, 2024$335,70020,53116,79212.4 mi
63
NJ-488397
Dirt · Power at road
87.7Oct 25, 2024$2,181,80024,88722,8878.1 mi
55
Show adjustment detail for the top comp
  • Tract size (14.66 ac → 25.51 ac)-6.7%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (2 mo)+0.9%

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.