Somerset County, NJ · Sold

NJ-132003

8889 County Road 288

$24,000

$28,235/ac · 0.85 ac

Offer report Market this tract

Acreage0.85 ac

Price per acre$28,235/ac

ZoningRecreational

Road accessDirt

UtilitiesPower at road

TopographyWooded

ListedAug 10, 2024

Coordinates40.4862, -74.5749

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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

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

View Somerset market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands9.9% of tract

Little to no mapped wetland coverage.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power226 ft away

Power at or near the road.

Buildable area0.73 of 0.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$26,139

$20,398 – $31,880 · $30,752/ac on 0.85 ac

Asking vs estimate

-8.2%

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 $24,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$14,937

$17,573/ac · +30.0% target margin

You need $9,063 off asking to hit this margin.

All-in cost$16,207

Net resale$24,048

Projected profit$7,842

ROI+48.4%

Annualized+69.2%

Break-even resale$20,725/ac

Profit if resale lands off target

-20%

$3,032

-10%

$5,437

$7,842

+10%

$10,246

+20%

$12,651

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NJ-831001 Landlocked · Off grid	0.4	Jul 27, 2026	$8,700	21,284	31,592	5.5 mi	79
NJ-741283 Dirt · Off grid	0.5	Jul 27, 2026	$12,500	24,522	28,810	9.0 mi	77
NJ-502937 Paved · Full utilities	1.7	Jul 27, 2026	$91,500	54,454	32,880	8.7 mi	77
NJ-551954 Paved · Power at road	0.8	Mar 24, 2024	$26,700	32,613	26,153	1.8 mi	76
NJ-312743 Dirt · Power at road	1.5	Oct 12, 2025	$61,800	42,312	44,084	5.3 mi	75
NJ-173194 Gravel · Power at road	2.0	Feb 4, 2026	$48,100	23,793	21,166	1.6 mi	72
NJ-450732 Dirt · Full utilities	0.3	Apr 18, 2026	$15,900	46,910	38,771	7.3 mi	71
NJ-843580 Landlocked · Power at road	2.7	Jul 27, 2026	$64,400	24,039	31,037	7.4 mi	70
NJ-160483 Dirt · Off grid	0.3	Aug 19, 2025	$5,200	17,192	20,946	2.6 mi	67
NJ-270398 Landlocked · Power at road	0.3	Apr 9, 2026	$7,400	24,570	31,351	10.4 mi	66

Show adjustment detail for the top comp

Access (Landlocked → Dirt)+26.5%
Utilities (Off grid → Power at road)+17.6%

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.

Build the listing kit Post a deal or JV