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Salem County, NJ · Sold

NJ-882985

1470 County Road 199

$62,500
$35,920/ac · 1.74 ac
Acreage1.74 ac
Price per acre$35,920/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedJan 28, 2024
Coordinates39.5736, -75.3940
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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

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

View Salem market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands24.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

176 ft of deeded road frontage.

Power13,060 ft away

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

Buildable area1.25 of 1.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$40,871
$33,052$48,691 · $23,489/ac on 1.74 ac
Asking vs estimate
+52.9%
Priced above 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 $62,500
Maximum allowable offer
$23,355
$13,422/ac · +30.0% target margin

You need $39,145 off asking to hit this margin.

All-in cost$25,340
Net resale$37,601
Projected profit$12,261
ROI+48.4%
Annualized+69.2%
Break-even resale$15,830/ac
Profit if resale lands off target
-20%
$4,741
-10%
$8,501
0%
$12,261
+10%
$16,021
+20%
$19,782
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-543447
Paved · Full utilities
2.4Jan 1, 2026$77,10031,71819,3485.4 mi
79
NJ-582125
Gravel · Off grid
0.9May 29, 2025$20,80022,35223,2993.5 mi
72
NJ-111676
Dirt · Full utilities
0.7Apr 28, 2026$24,50036,52329,6343.8 mi
70
NJ-352247
Paved · Off grid
1.0Jan 25, 2025$36,30035,61531,9184.4 mi
69
NJ-993680
Dirt · Full utilities
2.9Feb 17, 2025$68,10023,66120,6012.9 mi
68
NJ-831521
Gravel · Power at road
0.6Aug 24, 2025$14,80024,62421,5358.3 mi
68
NJ-724035
Paved · Full utilities
3.7Jul 3, 2025$168,30045,24528,5174.1 mi
66
NJ-253952
Dirt · Off grid
3.5Jul 6, 2024$51,20014,62018,8304.1 mi
65
NJ-494569
Landlocked · Off grid
5.5Jun 12, 2025$68,90012,57020,1023.1 mi
65
NJ-894649
Gravel · Full utilities
5.8Mar 16, 2025$160,40027,65821,2191.8 mi
64
Show adjustment detail for the top comp
  • Tract size (2.43 ac → 1.74 ac)+0.7%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (7 mo)+2.6%

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.