Salem County, NJ · Sold

NJ-555373

8479 County Road 118

$129,800

$13,245/ac · 9.80 ac

Offer report Market this tract

Acreage9.80 ac

Price per acre$13,245/ac

ZoningAgricultural

Road accessDirt

UtilitiesOff grid

TopographyMixed

ListedApr 16, 2025

Coordinates39.5322, -75.3175

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

1 item to verify before you offer.

Risk index

Low risk

Wetlands1.0% of tract

Little to no mapped wetland coverage.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

365 ft of deeded road frontage.

Power2,224 ft away

Service extension needed; get a utility quote.

Buildable area9.22 of 9.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$192,528

$162,822 – $222,235 · $19,646/ac on 9.80 ac

Asking vs estimate

-32.6%

Priced below the comp set

Weighted from 10 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 $129,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$110,016

$11,226/ac · +30.0% target margin

You need $19,784 off asking to hit this margin.

All-in cost$119,367

Net resale$177,126

Projected profit$57,759

ROI+48.4%

Annualized+69.3%

Break-even resale$13,240/ac

Profit if resale lands off target

-20%

$22,334

-10%

$40,046

$57,759

+10%

$75,471

+20%

$93,184

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-695788 Dirt · Full utilities	13.2	Jul 27, 2026	$367,200	27,738	20,000	1.7 mi	89
NJ-715934 Paved · Power at road	14.7	Jul 27, 2026	$504,900	34,299	22,228	3.6 mi	83
NJ-976688 Landlocked · Off grid	25.4	Jul 27, 2026	$384,000	15,108	21,408	6.7 mi	71
NJ-566066 Gravel · Power at road	16.2	Jan 5, 2026	$506,200	31,248	24,706	7.7 mi	70
NJ-894649 Gravel · Full utilities	5.8	Mar 16, 2025	$160,400	27,658	17,063	3.5 mi	68
NJ-494569 Landlocked · Off grid	5.5	Jun 12, 2025	$68,900	12,570	16,166	7.6 mi	67
NJ-253952 Dirt · Off grid	3.5	Jul 6, 2024	$51,200	14,620	15,140	0.8 mi	66
NJ-406631 Paved · Power at road	24.4	Jan 5, 2026	$657,100	26,942	19,019	6.0 mi	65
NJ-724035 Paved · Full utilities	3.7	Jul 3, 2025	$168,300	45,245	22,933	7.5 mi	65
NJ-993680 Dirt · Full utilities	2.9	Feb 17, 2025	$68,100	23,661	16,566	2.8 mi	63

Show adjustment detail for the top comp

Tract size (13.24 ac → 9.8 ac)+2.7%
Utilities (Full utilities → Off grid)-30.3%
Market time (2 mo)+0.8%

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