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Morris County, NJ · Sold

NJ-802519

5746 County Road 364

$28,400
$22,903/ac · 1.24 ac
Acreage1.24 ac
Price per acre$22,903/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedSep 15, 2025
Coordinates40.8051, -74.4566
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
16
Low risk
Wetlands14.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

228 ft of deeded road frontage.

Power191 ft away

Power at or near the road.

Buildable area1.00 of 1.24 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$39,494
$34,861$44,128 · $31,850/ac on 1.24 ac
Asking vs estimate
-28.1%
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 $28,400
Maximum allowable offer
$22,568
$18,200/ac · +30.0% target margin

You need $5,832 off asking to hit this margin.

All-in cost$24,486
Net resale$36,335
Projected profit$11,849
ROI+48.4%
Annualized+69.3%
Break-even resale$21,464/ac
Profit if resale lands off target
-20%
$4,582
-10%
$8,215
0%
$11,849
+10%
$15,482
+20%
$19,116
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-342511
Paved · Full utilities
1.2Apr 29, 2024$56,80046,21335,1959.7 mi
70
NJ-241593
Dirt · Off grid
0.6Feb 28, 2026$16,20025,78535,7318.0 mi
70
NJ-491690
Dirt · Off grid
0.7Nov 28, 2024$13,80020,24729,5208.4 mi
67
NJ-383533
Gravel · Power at road
2.6Jul 3, 2025$63,00024,30525,79411.2 mi
67
NJ-831458
Paved · Full utilities
0.6Jan 9, 2025$25,80044,46932,7395.8 mi
63
Show adjustment detail for the top comp
  • Access (Paved → Gravel)-15.3%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (28 mo)+9.6%

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.