Comparable sales & offer analysis
Parcel NJ-469105
Morris County, NJ · 146 ac · Residential · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,950,000
Adjusted value
$3,922,732
Value range
$3,260,939–$4,584,524
Comp $/acre
$26,793/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -24.8% versus the adjusted value.
Offer position
Max allowable offer
$2,241,561
Offer $/acre
$15,310/ac
Projected profit
$1,176,819
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-259033 | 139.0 | Feb 10, 2026 | $2,605,300 | 18,747 | 23,099 | 79 |
| NJ-296666 | 25.0 | Aug 9, 2025 | $1,188,000 | 47,481 | 34,285 | 63 |
| NJ-495732 | 12.7 | Nov 19, 2024 | $251,300 | 19,758 | 28,573 | 55 |
| NJ-975723 | 12.6 | Dec 20, 2024 | $401,700 | 31,809 | 26,483 | 53 |
| NJ-676138 | 17.1 | Jul 16, 2024 | $309,300 | 18,119 | 21,659 | 52 |
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.