Comparable sales & offer analysis
Parcel NJ-383533
Morris County, NJ · 2.59 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$62,700
Adjusted value
$90,929
Value range
$74,832–$107,026
Comp $/acre
$35,108/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -31.0% versus the adjusted value.
Offer position
Max allowable offer
$51,959
Offer $/acre
$20,062/ac
Projected profit
$27,279
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-802519 | 1.2 | Dec 24, 2025 | $25,000 | 20,132 | 20,508 | 69 |
| NJ-434544 | 5.4 | Jan 14, 2025 | $144,900 | 26,930 | 34,469 | 66 |
| NJ-241593 | 0.6 | Feb 28, 2026 | $16,200 | 25,785 | 35,445 | 63 |
| NJ-342511 | 1.2 | Apr 29, 2024 | $56,800 | 46,213 | 34,900 | 63 |
| NJ-205322 | 9.4 | Apr 26, 2025 | $251,000 | 26,563 | 34,819 | 61 |
| NJ-975723 | 12.6 | Dec 20, 2024 | $401,700 | 31,809 | 37,265 | 60 |
| NJ-415494 | 10.7 | Mar 13, 2025 | $362,800 | 33,907 | 45,106 | 58 |
| NJ-454957 | 7.3 | Oct 19, 2024 | $144,400 | 19,918 | 38,923 | 58 |
| NJ-831458 | 0.6 | Jan 9, 2025 | $25,800 | 44,469 | 32,469 | 55 |
| NJ-495732 | 12.7 | Nov 19, 2024 | $251,300 | 19,758 | 40,207 | 53 |
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.