Comparable sales & offer analysis
Parcel NJ-259033
Morris County, NJ · 139 ac · Agricultural · Paved · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$2,474,200
Adjusted value
$3,065,529
Value range
$2,569,460–$3,561,598
Comp $/acre
$22,059/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -19.3% versus the adjusted value.
Offer position
Max allowable offer
$1,751,731
Offer $/acre
$12,605/ac
Projected profit
$919,659
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-469105 | 146.4 | Dec 1, 2024 | $3,035,600 | 20,733 | 18,520 | 73 |
| NJ-296666 | 25.0 | Aug 9, 2025 | $1,188,000 | 47,481 | 28,425 | 59 |
| NJ-676138 | 17.1 | Jul 16, 2024 | $309,300 | 18,119 | 17,962 | 56 |
| NJ-975723 | 12.6 | Dec 20, 2024 | $401,700 | 31,809 | 21,959 | 54 |
| NJ-495732 | 12.7 | Nov 19, 2024 | $251,300 | 19,758 | 23,693 | 53 |
| NJ-465662 | 12.1 | Nov 28, 2023 | $382,600 | 31,650 | 22,602 | 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.