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Morris County, NJ · Sold

NJ-831458

5060 County Road 102

$31,000
$53,448/ac · 0.58 ac
Acreage0.58 ac
Price per acre$53,448/ac
ZoningMixed Use
Road accessPaved
UtilitiesFull utilities
TopographySloped
ListedMar 27, 2024
Coordinates40.8883, -74.4668
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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
14
Low risk
Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope16.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

151 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area0.45 of 0.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$24,955
$20,106$29,803 · $43,025/ac on 0.58 ac
Asking vs estimate
+24.2%
Priced above 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 $31,000
Maximum allowable offer
$14,260
$24,586/ac · +30.0% target margin

You need $16,740 off asking to hit this margin.

All-in cost$15,472
Net resale$22,958
Projected profit$7,486
ROI+48.4%
Annualized+69.2%
Break-even resale$28,996/ac
Profit if resale lands off target
-20%
$2,895
-10%
$5,190
0%
$7,486
+10%
$9,782
+20%
$12,078
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-241593
Dirt · Off grid
0.6Feb 28, 2026$16,20025,78551,7914.9 mi
81
NJ-491690
Dirt · Off grid
0.7Nov 28, 2024$13,80020,24742,78910.1 mi
69
NJ-802519
Gravel · Power at road
1.2Dec 24, 2025$25,00020,13229,9675.8 mi
68
NJ-342511
Paved · Full utilities
1.2Apr 29, 2024$56,80046,21351,0145.1 mi
65
NJ-383533
Gravel · Power at road
2.6Jul 3, 2025$63,00024,30537,3886.8 mi
58
Show adjustment detail for the top comp
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (6 mo)+1.9%

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.