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Mercer County, NJ · Sold

NJ-355515

4864 County Road 371

$560,600
$51,573/ac · 10.87 ac
Acreage10.87 ac
Price per acre$51,573/ac
ZoningAgricultural
Road accessDirt
UtilitiesFull utilities
TopographyMixed
ListedNov 5, 2024
Coordinates40.3538, -74.6470
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

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

427 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area9.43 of 10.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$516,462
$439,008$593,915 · $47,513/ac on 10.87 ac
Asking vs estimate
+8.5%
Priced above 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 $560,600
Maximum allowable offer
$295,121
$27,150/ac · +30.0% target margin

You need $265,479 off asking to hit this margin.

All-in cost$320,206
Net resale$475,145
Projected profit$154,939
ROI+48.4%
Annualized+69.2%
Break-even resale$32,019/ac
Profit if resale lands off target
-20%
$59,910
-10%
$107,424
0%
$154,939
+10%
$202,453
+20%
$249,968
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-255420
Gravel · Power at road
10.1Jun 9, 2026$408,00040,23242,29411.2 mi
84
NJ-525333
Gravel · Full utilities
9.5Feb 25, 2026$484,70050,91544,1745.6 mi
81
NJ-775928
Landlocked · Full utilities
14.7Jun 1, 2026$615,40041,97755,0907.2 mi
79
NJ-384610
Paved · Off grid
5.6Jul 27, 2026$294,90052,28252,4624.1 mi
76
NJ-984172
Dirt · Off grid
4.1Jul 27, 2026$133,50032,47044,08110.2 mi
71
NJ-886293
Dirt · Power at road
19.1Jan 31, 2025$651,60034,13547,0147.0 mi
67
NJ-486998
Landlocked · Power at road
31.8Jan 6, 2026$1,055,40033,16859,9123.0 mi
67
NJ-374176
Dirt · Off grid
4.1May 16, 2025$153,80037,32853,2273.5 mi
66
NJ-846079
Dirt · Off grid
16.4May 5, 2024$335,70020,53133,61910.2 mi
66
NJ-824731
Paved · Power at road
6.2Aug 19, 2025$299,80048,66243,3369.7 mi
66
Show adjustment detail for the top comp
  • Tract size (10.14 ac → 10.87 ac)-0.6%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (2 mo)+0.8%

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.