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Morris County, NJ · Sold

NJ-434544

8916 County Road 399

$134,400
$24,981/ac · 5.38 ac
Acreage5.38 ac
Price per acre$24,981/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedNov 24, 2023
Coordinates40.9013, -74.5326
Loading terrain…
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

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands11.3% of tract

Little to no mapped wetland coverage.

Average slope11.0%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

248 ft of deeded road frontage.

Power118 ft away

Power at or near the road.

Buildable area4.53 of 5.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$163,331
$137,686$188,975 · $30,359/ac on 5.38 ac
Asking vs estimate
-17.7%
Priced below the comp set

Weighted from 8 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 $134,400
Maximum allowable offer
$93,332
$17,348/ac · +30.0% target margin

You need $41,068 off asking to hit this margin.

All-in cost$101,265
Net resale$150,264
Projected profit$48,999
ROI+48.4%
Annualized+69.2%
Break-even resale$20,459/ac
Profit if resale lands off target
-20%
$18,946
-10%
$33,972
0%
$48,999
+10%
$64,025
+20%
$79,052
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-454957
Landlocked · Off grid
7.3Oct 19, 2024$144,40019,91832,4364.2 mi
74
NJ-415494
Dirt · Power at road
10.7Mar 13, 2025$362,80033,90737,5856.1 mi
73
NJ-205322
Dirt · Power at road
9.4Apr 26, 2025$251,00026,56329,0133.7 mi
73
NJ-383533
Gravel · Power at road
2.6Jul 3, 2025$63,00024,30521,3173.5 mi
69
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80931,0532.4 mi
66
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75833,5054.7 mi
62
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11925,4005.3 mi
60
NJ-465662
Paved · Off grid
12.1Nov 28, 2023$382,60031,65031,9625.0 mi
60
Show adjustment detail for the top comp
  • Tract size (7.25 ac → 5.38 ac)+1.7%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (22 mo)+7.7%

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.