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Morris County, NJ · Sold

NJ-975723

8490 County Road 275

$485,200
$38,416/ac · 12.63 ac
Acreage12.63 ac
Price per acre$38,416/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedJul 23, 2024
Coordinates40.8675, -74.5405
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

2 items to verify before you offer.

Risk index
25
Low risk
Wetlands0.8% of tract

Little to no mapped wetland coverage.

Average slope29.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

705 ft of deeded road frontage.

Power8 ft away

Power at or near the road.

Buildable area7.52 of 12.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$448,592
$386,723$510,460 · $35,518/ac on 12.63 ac
Asking vs estimate
+8.2%
Priced above 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 $485,200
Maximum allowable offer
$256,338
$20,296/ac · +30.0% target margin

You need $228,862 off asking to hit this margin.

All-in cost$278,127
Net resale$412,704
Projected profit$134,578
ROI+48.4%
Annualized+69.2%
Break-even resale$23,936/ac
Profit if resale lands off target
-20%
$52,037
-10%
$93,307
0%
$134,578
+10%
$175,848
+20%
$217,118
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-205322
Dirt · Power at road
9.4Apr 26, 2025$251,00026,56331,7833.5 mi
79
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75836,7042.6 mi
76
NJ-465662
Paved · Off grid
12.1Nov 28, 2023$382,60031,65035,0134.0 mi
76
NJ-415494
Dirt · Power at road
10.7Mar 13, 2025$362,80033,90741,1744.5 mi
76
NJ-296666
Gravel · Full utilities
25.0Aug 9, 2025$1,188,00047,48144,0344.2 mi
70
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11927,8256.0 mi
67
NJ-434544
Dirt · Power at road
5.4Jan 14, 2025$144,90026,93031,4652.4 mi
66
NJ-454957
Landlocked · Off grid
7.3Oct 19, 2024$144,40019,91835,5335.3 mi
65
Show adjustment detail for the top comp
  • Tract size (9.45 ac → 12.63 ac)-2.5%
  • Access (Dirt → Gravel)+16.3%
  • Market time (16 mo)+5.5%

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.