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Sussex County, NJ · Sold

NJ-769394

5923 County Road 228

$2,073,000
$11,484/ac · 181 ac
Acreage181 ac
Price per acre$11,484/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedMar 28, 2026
Coordinates41.1909, -74.7075
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

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

View Sussex market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
14
Low risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,334 ft of deeded road frontage.

Power207 ft away

Power at or near the road.

Buildable area149.71 of 180.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,417,012
$1,845,809$2,988,215 · $13,390/ac on 181 ac
Asking vs estimate
-14.2%
Priced below the comp set

Weighted from 6 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 $2,073,000
Maximum allowable offer
$1,381,150
$7,651/ac · +30.0% target margin

You need $691,850 off asking to hit this margin.

All-in cost$1,498,548
Net resale$2,223,651
Projected profit$725,103
ROI+48.4%
Annualized+69.2%
Break-even resale$9,024/ac
Profit if resale lands off target
-20%
$280,373
-10%
$502,738
0%
$725,103
+10%
$947,468
+20%
$1,169,833
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-748820
Gravel · Full utilities
119.1Jul 4, 2026$2,813,80023,62514,9865.5 mi
78
NJ-839259
Gravel · Full utilities
163.7Feb 23, 2025$3,973,90024,27717,6965.4 mi
74
NJ-408794
Paved · Power at road
116.9Feb 19, 2024$1,605,40013,7369,8544.4 mi
72
NJ-678255
Dirt · Full utilities
79.1Feb 26, 2025$1,585,90020,04914,1375.5 mi
70
NJ-188236
Gravel · Full utilities
78.0Jun 28, 2026$1,999,60025,62914,6749.7 mi
69
NJ-967939
Gravel · Power at road
62.9May 12, 2025$755,30012,0068,3681.3 mi
66
Show adjustment detail for the top comp
  • Tract size (119.1 ac → 180.51 ac)-10.5%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (1 mo)+0.5%

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.