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Salem County, NJ · Sold

NJ-557549

5906 County Road 369

$760,600
$16,036/ac · 47.43 ac
Acreage47.43 ac
Price per acre$16,036/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedMar 23, 2024
Coordinates39.5343, -75.2794
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

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

View Salem market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands33.3% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.4%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,674 ft of deeded road frontage.

Power95 ft away

Power at or near the road.

Buildable area30.05 of 47.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$895,079
$733,571$1,056,587 · $18,872/ac on 47.43 ac
Asking vs estimate
-15.0%
Priced below the comp set

Weighted from 7 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 $760,600
Maximum allowable offer
$511,474
$10,784/ac · +30.0% target margin

You need $249,126 off asking to hit this margin.

All-in cost$554,949
Net resale$823,473
Projected profit$268,524
ROI+48.4%
Annualized+69.2%
Break-even resale$12,718/ac
Profit if resale lands off target
-20%
$103,829
-10%
$186,176
0%
$268,524
+10%
$350,871
+20%
$433,218
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-327771
Dirt · Power at road
55.7Aug 24, 2025$912,60016,38317,6181.7 mi
82
NJ-715934
Paved · Power at road
14.7Jul 27, 2026$504,90034,29921,0175.7 mi
75
NJ-976688
Landlocked · Off grid
25.4Jul 27, 2026$384,00015,10820,2428.3 mi
73
NJ-828119
Gravel · Power at road
71.7Jul 17, 2024$1,443,90020,14420,5547.6 mi
72
NJ-406631
Paved · Power at road
24.4Jan 5, 2026$657,10026,94217,9867.5 mi
70
NJ-757985
Gravel · Full utilities
65.0Jan 29, 2025$937,60014,41511,5545.9 mi
69
NJ-566066
Gravel · Power at road
16.2Jan 5, 2026$506,20031,24823,3639.7 mi
64
Show adjustment detail for the top comp
  • Tract size (55.7 ac → 47.43 ac)+3.3%
  • Market time (12 mo)+4.1%

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.