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Union County, NJ · Sold

NJ-659635

9369 County Road 106

$6,164,400
$28,680/ac · 215 ac
Acreage215 ac
Price per acre$28,680/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedMar 7, 2024
Coordinates40.6052, -74.2388
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

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands13.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power166 ft away

Power at or near the road.

Buildable area177.04 of 214.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,307,422
$3,556,812$5,058,033 · $20,040/ac on 215 ac
Asking vs estimate
+43.1%
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 $6,164,400
Maximum allowable offer
$2,461,384
$11,451/ac · +30.0% target margin

You need $3,703,016 off asking to hit this margin.

All-in cost$2,670,602
Net resale$3,962,828
Projected profit$1,292,227
ROI+48.4%
Annualized+69.2%
Break-even resale$13,505/ac
Profit if resale lands off target
-20%
$499,661
-10%
$895,944
0%
$1,292,227
+10%
$1,688,510
+20%
$2,084,793
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NJ-219965
Dirt · Power at road
273.0Jul 27, 2026$4,402,80016,12817,3027.7 mi
85
NJ-199265
Dirt · Full utilities
164.4Oct 14, 2025$5,367,30032,64625,7251.9 mi
79
NJ-169986
Dirt · Off grid
277.2Feb 16, 2026$5,007,50018,06623,32611.5 mi
76
NJ-497869
Landlocked · Power at road
59.8Jul 27, 2026$1,115,60018,65617,1520.2 mi
74
NJ-518348
Gravel · Full utilities
84.6Apr 29, 2024$2,564,90030,31418,3763.3 mi
60
NJ-997619
Landlocked · Off grid
49.9Dec 10, 2024$772,80015,48717,2387.1 mi
55
Show adjustment detail for the top comp
  • Tract size (272.99 ac → 214.94 ac)+7.0%

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.