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Mercer County, NJ · Sold

NJ-846079

8627 County Road 197

$354,100
$21,657/ac · 16.35 ac
Acreage16.35 ac
Price per acre$21,657/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedMar 10, 2024
Coordinates40.2067, -74.6247
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

1 item to verify before you offer.

Risk index
7
Low risk
Wetlands1.4% of tract

Little to no mapped wetland coverage.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

403 ft of deeded road frontage.

Power6,620 ft away

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

Buildable area15.32 of 16.35 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$524,707
$461,409$588,005 · $32,092/ac on 16.35 ac
Asking vs estimate
-32.5%
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 $354,100
Maximum allowable offer
$299,833
$18,338/ac · +30.0% target margin

You need $54,267 off asking to hit this margin.

All-in cost$325,319
Net resale$482,731
Projected profit$157,412
ROI+48.4%
Annualized+69.2%
Break-even resale$21,627/ac
Profit if resale lands off target
-20%
$60,866
-10%
$109,139
0%
$157,412
+10%
$205,685
+20%
$253,958
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-775928
Landlocked · Full utilities
14.7Jun 1, 2026$615,40041,97736,86713.4 mi
78
NJ-255420
Gravel · Power at road
10.1Jun 9, 2026$408,00040,23228,3047.7 mi
75
NJ-355515
Dirt · Full utilities
10.9Oct 21, 2025$521,40047,96333,20010.2 mi
72
NJ-557353
Landlocked · Off grid
41.1Jul 27, 2026$809,60019,67528,6039.1 mi
72
NJ-886293
Dirt · Power at road
19.1Jan 31, 2025$651,60034,13531,46212.3 mi
71
NJ-384610
Paved · Off grid
5.6Jul 27, 2026$294,90052,28235,10910.8 mi
69
NJ-525333
Gravel · Full utilities
9.5Feb 25, 2026$484,70050,91529,56212.1 mi
69
NJ-386693
Landlocked · Off grid
25.5Sep 10, 2025$525,60020,60528,68612.4 mi
69
NJ-824731
Paved · Power at road
6.2Aug 19, 2025$299,80048,66229,0010.8 mi
67
NJ-486998
Landlocked · Power at road
31.8Jan 6, 2026$1,055,40033,16840,09410.6 mi
67
Show adjustment detail for the top comp
  • Tract size (14.66 ac → 16.35 ac)-1.2%
  • Access (Landlocked → Dirt)+26.5%
  • 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.