Comparable sales & offer analysis
Parcel NJ-121892
Mercer County, NJ · 0.79 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$38,200
Adjusted value
$28,663
Value range
$22,695–$34,632
Comp $/acre
$36,283/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.3% versus the adjusted value.
Offer position
Max allowable offer
$16,379
Offer $/acre
$20,733/ac
Projected profit
$8,599
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-672530 | 1.3 | Jul 27, 2026 | $38,700 | 30,955 | 31,345 | 83 |
| NJ-891700 | 0.7 | Sep 15, 2024 | $32,200 | 46,664 | 50,629 | 77 |
| NJ-630467 | 0.3 | Jan 2, 2026 | $15,000 | 50,071 | 41,629 | 70 |
| NJ-840669 | 0.3 | Jul 27, 2026 | $10,700 | 33,552 | 33,256 | 70 |
| NJ-752921 | 1.7 | Jan 25, 2026 | $43,800 | 26,387 | 40,282 | 69 |
| NJ-131171 | 0.5 | Aug 5, 2025 | $16,300 | 34,655 | 35,804 | 68 |
| NJ-223551 | 2.6 | Jul 3, 2025 | $53,500 | 20,438 | 25,482 | 63 |
| NJ-792814 | 1.5 | Feb 11, 2024 | $32,200 | 20,903 | 29,255 | 62 |
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.