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Morris County, NJ · Sold

NJ-383533

8712 County Road 196

$62,700
$24,208/ac · 2.59 ac
Acreage2.59 ac
Price per acre$24,208/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedApr 30, 2024
Coordinates40.9371, -74.5804
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
16
Low risk
Wetlands0.3% of tract

Little to no mapped wetland coverage.

Average slope19.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

415 ft of deeded road frontage.

Power140 ft away

Power at or near the road.

Buildable area2.07 of 2.59 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$90,432
$74,400$106,464 · $34,916/ac on 2.59 ac
Asking vs estimate
-30.7%
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 $62,700
Maximum allowable offer
$51,675
$19,952/ac · +30.0% target margin

You need $11,025 off asking to hit this margin.

All-in cost$56,067
Net resale$83,197
Projected profit$27,130
ROI+48.4%
Annualized+69.3%
Break-even resale$23,530/ac
Profit if resale lands off target
-20%
$10,490
-10%
$18,810
0%
$27,130
+10%
$35,450
+20%
$43,769
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-802519
Gravel · Power at road
1.2Dec 24, 2025$25,00020,13220,39711.2 mi
70
NJ-434544
Dirt · Power at road
5.4Jan 14, 2025$144,90026,93034,2883.5 mi
67
NJ-241593
Dirt · Off grid
0.6Feb 28, 2026$16,20025,78535,2503.4 mi
65
NJ-342511
Paved · Full utilities
1.2Apr 29, 2024$56,80046,21334,7221.7 mi
63
NJ-205322
Dirt · Power at road
9.4Apr 26, 2025$251,00026,56334,6343.7 mi
62
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80937,0705.2 mi
60
NJ-415494
Dirt · Power at road
10.7Mar 13, 2025$362,80033,90744,8687.0 mi
59
NJ-454957
Landlocked · Off grid
7.3Oct 19, 2024$144,40019,91838,7217.0 mi
58
NJ-831458
Paved · Full utilities
0.6Jan 9, 2025$25,80044,46932,2996.8 mi
56
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75839,9976.5 mi
54
Show adjustment detail for the top comp
  • Tract size (1.24 ac → 2.59 ac)-1.3%
  • Market time (8 mo)+2.7%

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.