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Union County, NJ · Sold

NJ-199265

7999 County Road 59

$5,092,300
$30,973/ac · 164 ac
Acreage164 ac
Price per acre$30,973/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedDec 4, 2024
Coordinates40.6014, -74.2742
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

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

View Union market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands10.5% of tract

Little to no mapped wetland coverage.

Average slope6.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,288 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area139.79 of 164.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,440,145
$3,466,102$5,414,188 · $27,007/ac on 164 ac
Asking vs estimate
+14.7%
Priced above 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 $5,092,300
Maximum allowable offer
$2,537,226
$15,432/ac · +30.0% target margin

You need $2,555,074 off asking to hit this margin.

All-in cost$2,752,890
Net resale$4,084,933
Projected profit$1,332,043
ROI+48.4%
Annualized+69.2%
Break-even resale$18,200/ac
Profit if resale lands off target
-20%
$515,056
-10%
$923,550
0%
$1,332,043
+10%
$1,740,536
+20%
$2,149,030
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-219965
Dirt · Power at road
273.0Jul 27, 2026$4,402,80016,12822,7297.5 mi
83
NJ-497869
Landlocked · Power at road
59.8Jul 27, 2026$1,115,60018,65622,5312.0 mi
77
NJ-169986
Dirt · Off grid
277.2Feb 16, 2026$5,007,50018,06630,64110.6 mi
77
NJ-659635
Dirt · Power at road
214.9Mar 25, 2025$5,905,50027,47538,2041.9 mi
76
NJ-518348
Gravel · Full utilities
84.6Apr 29, 2024$2,564,90030,31424,1394.2 mi
65
NJ-997619
Landlocked · Off grid
49.9Dec 10, 2024$772,80015,48722,6457.8 mi
56
Show adjustment detail for the top comp
  • Tract size (272.99 ac → 164.41 ac)+15.3%
  • Utilities (Power at road → Full utilities)+22.0%

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.