Ocean County, NJ · Sold

NJ-837039

1590 County Road 242

$561,800

$17,139/ac · 32.78 ac

Offer report Market this tract

Acreage32.78 ac

Price per acre$17,139/ac

ZoningMixed Use

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedAug 26, 2024

Coordinates39.9414, -74.1787

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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

Ocean County, New Jersey. Pinelands restrictions keep supply extremely tight.

View Ocean market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Low risk

Wetlands18.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,137 ft of deeded road frontage.

Power5,598 ft away

A long utility run — price in solar/off-grid instead.

Buildable area25.41 of 32.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$610,325

$480,185 – $740,464 · $18,619/ac on 32.78 ac

Asking vs estimate

-8.0%

Priced below 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 $561,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$348,757

$10,639/ac · +30.0% target margin

You need $213,043 off asking to hit this margin.

All-in cost$378,401

Net resale$561,499

Projected profit$183,098

ROI+48.4%

Annualized+69.2%

Break-even resale$12,547/ac

Profit if resale lands off target

-20%

$70,798

-10%

$126,948

$183,098

+10%

$239,247

+20%

$295,397

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-596665 Landlocked · Power at road	25.0	May 22, 2026	$307,800	12,311	14,896	2.2 mi	81
NJ-644843 Paved · Off grid	6.7	Jul 27, 2026	$217,100	32,493	23,237	10.6 mi	70
NJ-166491 Dirt · Power at road	22.0	Oct 12, 2024	$484,600	21,987	22,049	7.0 mi	67
NJ-107736 Dirt · Power at road	54.3	Dec 18, 2023	$613,000	11,287	13,631	6.6 mi	63
NJ-279328 Gravel · Power at road	172.1	May 14, 2025	$1,766,600	10,266	13,354	6.7 mi	58
NJ-545537 Gravel · Power at road	11.0	Dec 19, 2023	$285,000	25,815	21,291	8.3 mi	57
NJ-889147 Paved · Full utilities	150.9	Jul 2, 2024	$3,820,600	25,312	22,840	7.5 mi	57
NJ-494719 Gravel · Power at road	6.1	Jul 5, 2025	$149,500	24,462	18,235	13.1 mi	55

Show adjustment detail for the top comp

Tract size (25 ac → 32.78 ac)-4.1%
Access (Landlocked → Gravel)+47.1%
Utilities (Power at road → Off grid)-15.0%
Market time (3 mo)+1.0%

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.

Build the listing kit Post a deal or JV