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Salem County, NJ · Sold

NJ-757985

1192 County Road 358

$1,049,900
$16,142/ac · 65.04 ac
Acreage65.04 ac
Price per acre$16,142/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyRolling
ListedDec 10, 2023
Coordinates39.5622, -75.3849
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

No material red flags on the mapped layers.

Risk index
10
Low risk
Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope6.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,495 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area56.04 of 65.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,646,386
$1,514,676$1,778,097 · $25,313/ac on 65.04 ac
Asking vs estimate
-36.2%
Priced below 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 $1,049,900
Maximum allowable offer
$940,792
$14,465/ac · +30.0% target margin

You need $109,108 off asking to hit this margin.

All-in cost$1,020,759
Net resale$1,514,676
Projected profit$493,916
ROI+48.4%
Annualized+69.2%
Break-even resale$17,059/ac
Profit if resale lands off target
-20%
$190,981
-10%
$342,449
0%
$493,916
+10%
$645,384
+20%
$796,851
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-327771
Dirt · Power at road
55.7Aug 24, 2025$912,60016,38323,4075.8 mi
80
NJ-828119
Gravel · Power at road
71.7Jul 17, 2024$1,443,90020,14427,3083.3 mi
76
NJ-976688
Landlocked · Off grid
25.4Jul 27, 2026$384,00015,10826,8932.7 mi
73
NJ-406631
Paved · Power at road
24.4Jan 5, 2026$657,10026,94223,8962.2 mi
69
NJ-557549
Dirt · Power at road
47.4May 25, 2024$818,40017,25525,0685.9 mi
67
Show adjustment detail for the top comp
  • Tract size (55.7 ac → 65.04 ac)-3.3%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Full utilities)+22.0%
  • 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.