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Mercer County, NJ · Sold

NJ-223551

8381 County Road 1

$59,300
$22,634/ac · 2.62 ac
Acreage2.62 ac
Price per acre$22,634/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedOct 24, 2024
Coordinates40.3542, -74.6467
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
45
Moderate risk
Wetlands37.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

302 ft of deeded road frontage.

Power7,390 ft away

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

Buildable area1.56 of 2.62 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$89,495
$75,332$103,658 · $34,158/ac on 2.62 ac
Asking vs estimate
-33.7%
Priced below the comp set

Weighted from 10 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 $59,300
Maximum allowable offer
$51,140
$19,519/ac · +30.0% target margin

You need $8,160 off asking to hit this margin.

All-in cost$55,487
Net resale$82,335
Projected profit$26,848
ROI+48.4%
Annualized+69.2%
Break-even resale$23,020/ac
Profit if resale lands off target
-20%
$10,381
-10%
$18,615
0%
$26,848
+10%
$35,082
+20%
$43,316
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-672530
Gravel · Off grid
1.3Jul 27, 2026$38,70030,95526,3162.4 mi
82
NJ-533678
Dirt · Full utilities
2.9Nov 25, 2025$140,90049,08235,3187.5 mi
80
NJ-984172
Dirt · Off grid
4.1Jul 27, 2026$133,50032,47033,01010.2 mi
80
NJ-384610
Paved · Off grid
5.6Jul 27, 2026$294,90052,28239,2864.2 mi
76
NJ-374176
Dirt · Off grid
4.1May 16, 2025$153,80037,32839,8583.6 mi
75
NJ-752921
Landlocked · Off grid
1.7Jan 25, 2026$43,80026,38733,82310.3 mi
72
NJ-854202
Dirt · Off grid
4.2Dec 29, 2024$166,40039,62542,9828.3 mi
70
NJ-121892
Gravel · Off grid
0.8Jun 8, 2026$31,40039,69933,7795.2 mi
70
NJ-792814
Landlocked · Power at road
1.5Feb 11, 2024$32,20020,90324,5757.7 mi
66
NJ-824731
Paved · Power at road
6.2Aug 19, 2025$299,80048,66232,4519.7 mi
63
Show adjustment detail for the top comp
  • Tract size (1.25 ac → 2.62 ac)-1.4%
  • Access (Gravel → Dirt)-14.0%

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.