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Monmouth County, NJ · Sold

NJ-458627

2420 County Road 92

$1,564,000
$15,102/ac · 104 ac
Acreage104 ac
Price per acre$15,102/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyFlat
ListedOct 19, 2025
Coordinates40.2105, -74.1560
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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

Monmouth County, New Jersey. Pinelands restrictions keep supply extremely tight.

View Monmouth market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
62
High risk
Wetlands37.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area61.98 of 103.56 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,297,896
$1,079,307$1,516,485 · $12,533/ac on 104 ac
Asking vs estimate
+20.5%
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 $1,564,000
Maximum allowable offer
$741,655
$7,162/ac · +30.0% target margin

You need $822,345 off asking to hit this margin.

All-in cost$804,696
Net resale$1,194,064
Projected profit$389,369
ROI+48.4%
Annualized+69.2%
Break-even resale$8,446/ac
Profit if resale lands off target
-20%
$150,556
-10%
$269,962
0%
$389,369
+10%
$508,775
+20%
$628,182
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-738721
Dirt · Off grid
110.9Jun 19, 2025$1,000,9009,02910,9292.0 mi
83
NJ-778337
Gravel · Power at road
83.9Jan 26, 2026$1,589,90018,94115,2809.6 mi
79
NJ-599049
Dirt · Power at road
140.6Jul 27, 2026$1,659,20011,80212,3399.2 mi
78
NJ-189367
Dirt · Power at road
177.0Jul 27, 2026$1,794,20010,13611,2755.4 mi
76
NJ-919321
Dirt · Power at road
171.2Oct 2, 2025$1,407,9008,2239,3744.0 mi
76
NJ-108191
Landlocked · Full utilities
75.5May 10, 2025$1,176,20015,57715,2135.4 mi
75
NJ-758836
Gravel · Power at road
120.5Jun 18, 2024$1,751,10014,53413,6638.0 mi
73
NJ-847981
Gravel · Off grid
64.9Feb 8, 2024$649,30010,0119,6841.7 mi
71
NJ-779970
Dirt · Power at road
274.0Jul 8, 2026$2,742,00010,00812,6165.6 mi
70
NJ-178957
Paved · Off grid
131.5Jun 12, 2024$2,065,50015,70315,0653.8 mi
70
Show adjustment detail for the top comp
  • Tract size (110.86 ac → 103.56 ac)+1.7%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (14 mo)+4.9%

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.