Monmouth County, NJ · Sold

NJ-758836

2547 County Road 2

$1,864,900

$15,478/ac · 120 ac

Offer report Market this tract

Acreage120 ac

Price per acre$15,478/ac

ZoningRecreational

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedApr 16, 2024

Coordinates40.3091, -74.0776

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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

3 items to verify before you offer.

Risk index

Low risk

Wetlands18.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,169 ft of deeded road frontage.

Power58 ft away

Power at or near the road.

Buildable area93.86 of 120.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,783,579

$1,453,710 – $2,113,448 · $14,803/ac on 120 ac

Asking vs estimate

+4.6%

In line with 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 $1,864,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$1,019,188

$8,459/ac · +30.0% target margin

You need $845,712 off asking to hit this margin.

All-in cost$1,105,819

Net resale$1,640,892

Projected profit$535,073

ROI+48.4%

Annualized+69.2%

Break-even resale$9,976/ac

Profit if resale lands off target

-20%

$206,895

-10%

$370,984

$535,073

+10%

$699,163

+20%

$863,252

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-599049 Dirt · Power at road	140.6	Jul 27, 2026	$1,659,200	11,802	14,316	2.0 mi	87
NJ-458627 Landlocked · Full utilities	103.6	Jul 27, 2026	$1,440,400	13,909	16,174	8.0 mi	86
NJ-778337 Gravel · Power at road	83.9	Jan 26, 2026	$1,589,900	18,941	17,729	9.4 mi	82
NJ-919321 Dirt · Power at road	171.2	Oct 2, 2025	$1,407,900	8,223	10,877	4.6 mi	79
NJ-189367 Dirt · Power at road	177.0	Jul 27, 2026	$1,794,200	10,136	13,081	8.3 mi	79
NJ-738721 Dirt · Off grid	110.9	Jun 19, 2025	$1,000,900	9,029	12,680	9.1 mi	78
NJ-178957 Paved · Off grid	131.5	Jun 12, 2024	$2,065,500	15,703	17,480	4.4 mi	73
NJ-327408 Gravel · Power at road	42.8	Oct 23, 2025	$1,029,200	24,034	19,702	6.1 mi	73
NJ-779970 Dirt · Power at road	274.0	Jul 8, 2026	$2,742,000	10,008	14,637	7.9 mi	73
NJ-847981 Gravel · Off grid	64.9	Feb 8, 2024	$649,300	10,011	11,236	7.9 mi	67

Show adjustment detail for the top comp

Tract size (140.59 ac → 120.49 ac)+4.1%
Access (Dirt → Gravel)+16.3%

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.

Build the listing kit Post a deal or JV