Comparable sales & offer analysis
Parcel NJ-802519
Morris County, NJ · 1.24 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$28,400
Adjusted value
$39,495
Value range
$34,861–$44,128
Comp $/acre
$31,851/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.1% versus the adjusted value.
Offer position
Max allowable offer
$22,568
Offer $/acre
$18,200/ac
Projected profit
$11,848
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-342511 | 1.2 | Apr 29, 2024 | $56,800 | 46,213 | 35,195 | 70 |
| NJ-241593 | 0.6 | Feb 28, 2026 | $16,200 | 25,785 | 35,731 | 70 |
| NJ-491690 | 0.7 | Nov 28, 2024 | $13,800 | 20,247 | 29,520 | 67 |
| NJ-383533 | 2.6 | Jul 3, 2025 | $63,000 | 24,305 | 25,794 | 67 |
| NJ-831458 | 0.6 | Jan 9, 2025 | $25,800 | 44,469 | 32,739 | 63 |
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.