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Morris County, NJ · Sold

NJ-415494

8288 County Road 194

$381,100
$35,617/ac · 10.70 ac
Acreage10.70 ac
Price per acre$35,617/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedJul 28, 2024
Coordinates40.8408, -74.6189
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
22
Low risk
Wetlands2.1% of tract

Little to no mapped wetland coverage.

Average slope24.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

431 ft of deeded road frontage.

Power143 ft away

Power at or near the road.

Buildable area6.29 of 10.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$321,253
$281,377$361,130 · $30,024/ac on 10.70 ac
Asking vs estimate
+18.6%
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 $381,100
Maximum allowable offer
$183,573
$17,156/ac · +30.0% target margin

You need $197,527 off asking to hit this margin.

All-in cost$199,177
Net resale$295,553
Projected profit$96,376
ROI+48.4%
Annualized+69.3%
Break-even resale$20,233/ac
Profit if resale lands off target
-20%
$37,266
-10%
$66,821
0%
$96,376
+10%
$125,932
+20%
$155,487
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-205322
Dirt · Power at road
9.4Apr 26, 2025$251,00026,56327,7413.3 mi
80
NJ-975723
Gravel · Power at road
12.6Dec 20, 2024$401,70031,80929,6924.5 mi
75
NJ-495732
Landlocked · Off grid
12.7Nov 19, 2024$251,30019,75832,0372.1 mi
74
NJ-434544
Dirt · Power at road
5.4Jan 14, 2025$144,90026,93027,4636.1 mi
73
NJ-465662
Paved · Off grid
12.1Nov 28, 2023$382,60031,65030,5611.8 mi
72
NJ-454957
Landlocked · Off grid
7.3Oct 19, 2024$144,40019,91831,0149.8 mi
69
NJ-676138
Dirt · Off grid
17.1Jul 16, 2024$309,30018,11924,2875.5 mi
68
NJ-296666
Gravel · Full utilities
25.0Aug 9, 2025$1,188,00047,48138,4348.7 mi
63
Show adjustment detail for the top comp
  • Tract size (9.45 ac → 10.7 ac)-1.0%
  • 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.