Comparable sales & offer analysis
Parcel NJ-237336
Essex County, NJ · 40.65 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$929,700
Adjusted value
$1,451,304
Value range
$1,271,949–$1,630,660
Comp $/acre
$35,702/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -35.9% versus the adjusted value.
Offer position
Max allowable offer
$829,317
Offer $/acre
$20,401/ac
Projected profit
$435,391
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| NJ-287830 | 58.1 | Jul 27, 2026 | $2,453,800 | 42,206 | 38,691 | 78 |
| NJ-376567 | 23.3 | Jun 24, 2026 | $647,700 | 27,809 | 35,163 | 74 |
| NJ-736907 | 29.8 | Nov 28, 2024 | $1,004,500 | 33,720 | 40,525 | 73 |
| NJ-836532 | 22.7 | Aug 22, 2025 | $502,000 | 22,116 | 28,836 | 70 |
| NJ-378116 | 71.5 | Aug 31, 2024 | $2,311,900 | 32,325 | 39,489 | 70 |
| NJ-645680 | 12.3 | Feb 12, 2025 | $505,700 | 41,281 | 30,679 | 65 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.