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Union County, NJ · Sold

NJ-219965

4652 County Road 387

$4,474,400
$16,390/ac · 273 ac
Acreage273 ac
Price per acre$16,390/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedApr 30, 2026
Coordinates40.7104, -74.2847
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

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands15.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,140 ft of deeded road frontage.

Power56 ft away

Power at or near the road.

Buildable area219.14 of 272.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,681,264
$4,529,440$6,833,088 · $20,811/ac on 273 ac
Asking vs estimate
-21.2%
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 $4,474,400
Maximum allowable offer
$3,246,437
$11,892/ac · +30.0% target margin

You need $1,227,963 off asking to hit this margin.

All-in cost$3,522,384
Net resale$5,226,763
Projected profit$1,704,379
ROI+48.4%
Annualized+69.2%
Break-even resale$14,025/ac
Profit if resale lands off target
-20%
$659,026
-10%
$1,181,703
0%
$1,704,379
+10%
$2,227,055
+20%
$2,749,731
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-169986
Dirt · Off grid
277.2Feb 16, 2026$5,007,50018,06621,7915.3 mi
89
NJ-199265
Dirt · Full utilities
164.4Oct 14, 2025$5,367,30032,64624,0327.5 mi
76
NJ-659635
Dirt · Power at road
214.9Mar 25, 2025$5,905,50027,47527,1697.7 mi
75
NJ-497869
Landlocked · Power at road
59.8Jul 27, 2026$1,115,60018,65616,0237.5 mi
71
NJ-518348
Gravel · Full utilities
84.6Apr 29, 2024$2,564,90030,31417,1664.8 mi
57
NJ-997619
Landlocked · Off grid
49.9Dec 10, 2024$772,80015,48716,1043.3 mi
56
Show adjustment detail for the top comp
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (6 mo)+2.1%

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.