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Morris County, NJ · Sold

NJ-469105

3534 County Road 266

$2,950,000
$20,149/ac · 146 ac
Acreage146 ac
Price per acre$20,149/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedNov 24, 2023
Coordinates40.8841, -74.6416
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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

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

View Morris market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands6.8% of tract

Little to no mapped wetland coverage.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area129.63 of 146.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,902,226
$3,243,811$4,560,642 · $26,653/ac on 146 ac
Asking vs estimate
-24.4%
Priced below the comp set

Weighted from 5 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 $2,950,000
Maximum allowable offer
$2,229,844
$15,230/ac · +30.0% target margin

You need $720,156 off asking to hit this margin.

All-in cost$2,419,381
Net resale$3,590,048
Projected profit$1,170,668
ROI+48.4%
Annualized+69.2%
Break-even resale$17,962/ac
Profit if resale lands off target
-20%
$452,658
-10%
$811,663
0%
$1,170,668
+10%
$1,529,672
+20%
$1,888,677
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-259033
Paved · Off grid
139.0Feb 10, 2026$2,605,30018,74722,9736.9 mi
80
NJ-296666
Gravel · Full utilities
25.0Aug 9, 2025$1,188,00047,48134,1018.8 mi
64
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75828,4254.3 mi
56
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80926,3445.4 mi
53
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11921,5482.6 mi
52
Show adjustment detail for the top comp
  • Tract size (138.97 ac → 146.41 ac)-1.4%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (6 mo)+2.1%

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.