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Monmouth County, NJ · Sold

NJ-847981

4623 County Road 111

$777,600
$11,989/ac · 64.86 ac
Acreage64.86 ac
Price per acre$11,989/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedAug 21, 2023
Coordinates40.2268, -74.1813
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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

2 items to verify before you offer.

Risk index
25
Low risk
Wetlands7.9% of tract

Little to no mapped wetland coverage.

Average slope7.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,880 ft away

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

Buildable area56.75 of 64.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,005,892
$816,538$1,195,247 · $15,509/ac on 64.86 ac
Asking vs estimate
-22.7%
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 $777,600
Maximum allowable offer
$574,796
$8,862/ac · +30.0% target margin

You need $202,804 off asking to hit this margin.

All-in cost$623,654
Net resale$925,421
Projected profit$301,767
ROI+48.4%
Annualized+69.2%
Break-even resale$10,452/ac
Profit if resale lands off target
-20%
$116,683
-10%
$209,225
0%
$301,767
+10%
$394,309
+20%
$486,852
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-458627
Landlocked · Full utilities
103.6Jul 27, 2026$1,440,40013,90915,9351.7 mi
84
NJ-778337
Gravel · Power at road
83.9Jan 26, 2026$1,589,90018,94117,4677.9 mi
82
NJ-297748
Gravel · Off grid
54.8Nov 9, 2024$955,80017,44918,0812.6 mi
78
NJ-738721
Dirt · Off grid
110.9Jun 19, 2025$1,000,9009,02912,4941.2 mi
77
NJ-327408
Gravel · Power at road
42.8Oct 23, 2025$1,029,20024,03419,4129.5 mi
77
NJ-248114
Paved · Off grid
71.4Jul 5, 2025$1,020,20014,28412,9458.6 mi
76
NJ-986614
Gravel · Off grid
24.1Jul 27, 2026$293,40012,17810,1975.8 mi
75
NJ-108191
Landlocked · Full utilities
75.5May 10, 2025$1,176,20015,57717,3913.9 mi
75
NJ-956924
Paved · Off grid
30.2Jul 4, 2026$738,00024,46918,01211.2 mi
72
NJ-189367
Dirt · Power at road
177.0Jul 27, 2026$1,794,20010,13612,8893.6 mi
72
Show adjustment detail for the top comp
  • Tract size (103.56 ac → 64.86 ac)+11.6%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Full utilities → Off grid)-30.3%

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.