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Monmouth County, NJ · Sold

NJ-248114

698 County Road 268

$1,122,300
$15,714/ac · 71.42 ac
Acreage71.42 ac
Price per acre$15,714/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedMar 5, 2025
Coordinates40.3484, -74.2182
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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
26
Low risk
Wetlands13.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,143 ft of deeded road frontage.

Power12,850 ft away

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

Buildable area58.96 of 71.42 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,282,401
$1,035,217$1,529,585 · $17,956/ac on 71.42 ac
Asking vs estimate
-12.5%
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 $1,122,300
Maximum allowable offer
$732,801
$10,260/ac · +30.0% target margin

You need $389,499 off asking to hit this margin.

All-in cost$795,089
Net resale$1,179,809
Projected profit$384,720
ROI+48.4%
Annualized+69.2%
Break-even resale$12,101/ac
Profit if resale lands off target
-20%
$148,758
-10%
$266,739
0%
$384,720
+10%
$502,701
+20%
$620,682
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-778337
Gravel · Power at road
83.9Jan 26, 2026$1,589,90018,94120,1752.4 mi
80
NJ-956924
Paved · Off grid
30.2Jul 4, 2026$738,00024,46920,8048.5 mi
79
NJ-458627
Landlocked · Full utilities
103.6Jul 27, 2026$1,440,40013,90918,40610.1 mi
76
NJ-297748
Gravel · Off grid
54.8Nov 9, 2024$955,80017,44920,8846.9 mi
75
NJ-108191
Landlocked · Full utilities
75.5May 10, 2025$1,176,20015,57720,0878.5 mi
74
NJ-599049
Dirt · Power at road
140.6Jul 27, 2026$1,659,20011,80216,2926.6 mi
74
NJ-327408
Gravel · Power at road
42.8Oct 23, 2025$1,029,20024,03422,4212.9 mi
72
NJ-189367
Dirt · Power at road
177.0Jul 27, 2026$1,794,20010,13614,8875.6 mi
72
NJ-847981
Gravel · Off grid
64.9Feb 8, 2024$649,30010,01112,7868.6 mi
71
NJ-986614
Gravel · Off grid
24.1Jul 27, 2026$293,40012,17811,7779.6 mi
69
Show adjustment detail for the top comp
  • Tract size (83.94 ac → 71.42 ac)+3.8%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (7 mo)+2.3%

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.