Mercer County, NJ · Sold

NJ-121892

1851 County Road 301

$38,200

$48,354/ac · 0.79 ac

Offer report Market this tract

Acreage0.79 ac

Price per acre$48,354/ac

ZoningRecreational

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedApr 19, 2025

Coordinates40.3142, -74.7308

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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

Wetlands47.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.7%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

80 ft of deeded road frontage.

Power13,088 ft away

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

Buildable area0.40 of 0.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$28,502

$22,574 – $34,430 · $36,079/ac on 0.79 ac

Asking vs estimate

+34.0%

Priced above the comp set

Weighted from 8 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 $38,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$16,287

$20,617/ac · +30.0% target margin

You need $21,913 off asking to hit this margin.

All-in cost$17,671

Net resale$26,222

Projected profit$8,551

ROI+48.4%

Annualized+69.3%

Break-even resale$24,314/ac

Profit if resale lands off target

-20%

$3,306

-10%

$5,929

$8,551

+10%

$11,173

+20%

$13,795

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-672530 Gravel · Off grid	1.3	Jul 27, 2026	$38,700	30,955	31,171	2.9 mi	84
NJ-891700 Gravel · Off grid	0.7	Sep 15, 2024	$32,200	46,664	50,368	3.7 mi	78
NJ-840669 Dirt · Power at road	0.3	Jul 27, 2026	$10,700	33,552	33,071	5.9 mi	71
NJ-630467 Dirt · Full utilities	0.3	Jan 2, 2026	$15,000	50,071	41,403	4.3 mi	71
NJ-752921 Landlocked · Off grid	1.7	Jan 25, 2026	$43,800	26,387	40,063	6.8 mi	70
NJ-131171 Dirt · Power at road	0.5	Aug 5, 2025	$16,300	34,655	35,613	6.4 mi	68
NJ-223551 Dirt · Off grid	2.6	Jul 3, 2025	$53,500	20,438	25,346	5.2 mi	63
NJ-792814 Landlocked · Power at road	1.5	Feb 11, 2024	$32,200	20,903	29,108	3.9 mi	62

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