Mercer County, NJ · Sold

NJ-854202

5905 County Road 184

$192,400

$45,810/ac · 4.20 ac

Offer report Market this tract

Acreage4.20 ac

Price per acre$45,810/ac

ZoningResidential

Road accessDirt

UtilitiesOff grid

TopographyFlat

ListedNov 4, 2023

Coordinates40.2518, -74.7282

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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

Moderate risk

Wetlands39.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

303 ft of deeded road frontage.

Power11,912 ft away

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

Buildable area2.43 of 4.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$136,008

$114,475 – $157,542 · $32,383/ac on 4.20 ac

Asking vs estimate

+41.5%

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 $192,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$77,719

$18,505/ac · +30.0% target margin

You need $114,681 off asking to hit this margin.

All-in cost$84,325

Net resale$125,128

Projected profit$40,802

ROI+48.4%

Annualized+69.2%

Break-even resale$21,823/ac

Profit if resale lands off target

-20%

$15,777

-10%

$28,290

$40,802

+10%

$53,315

+20%

$65,828

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-984172 Dirt · Off grid	4.1	Jul 27, 2026	$133,500	32,470	32,514	6.3 mi	89
NJ-384610 Paved · Off grid	5.6	Jul 27, 2026	$294,900	52,282	38,695	6.4 mi	86
NJ-374176 Dirt · Off grid	4.1	May 16, 2025	$153,800	37,328	39,259	4.9 mi	81
NJ-533678 Dirt · Full utilities	2.9	Nov 25, 2025	$140,900	49,082	34,788	1.1 mi	79
NJ-752921 Landlocked · Off grid	1.7	Jan 25, 2026	$43,800	26,387	33,315	2.5 mi	75
NJ-223551 Dirt · Off grid	2.6	Jul 3, 2025	$53,500	20,438	21,077	8.3 mi	73
NJ-255420 Gravel · Power at road	10.1	Jun 9, 2026	$408,000	40,232	31,196	3.0 mi	72
NJ-824731 Paved · Power at road	6.2	Aug 19, 2025	$299,800	48,662	31,964	5.5 mi	72
NJ-672530 Gravel · Off grid	1.3	Jul 27, 2026	$38,700	30,955	25,921	6.6 mi	70
NJ-525333 Gravel · Full utilities	9.5	Feb 25, 2026	$484,700	50,915	32,582	7.0 mi	68

Show adjustment detail for the top comp

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.

Build the listing kit Post a deal or JV