Comparable sales & offer analysis
Parcel NJ-454957
Morris County, NJ · 7.25 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$164,100
Adjusted value
$148,986
Value range
$123,251–$174,722
Comp $/acre
$20,550/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +10.1% versus the adjusted value.
Offer position
Max allowable offer
$85,135
Offer $/acre
$11,743/ac
Projected profit
$44,696
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-434544 | 5.4 | Jan 14, 2025 | $144,900 | 26,930 | 18,989 | 75 |
| NJ-415494 | 10.7 | Mar 13, 2025 | $362,800 | 33,907 | 24,849 | 71 |
| NJ-205322 | 9.4 | Apr 26, 2025 | $251,000 | 26,563 | 19,181 | 71 |
| NJ-495732 | 12.7 | Nov 19, 2024 | $251,300 | 19,758 | 22,151 | 68 |
| NJ-975723 | 12.6 | Dec 20, 2024 | $401,700 | 31,809 | 20,530 | 65 |
| NJ-296666 | 25.0 | Aug 9, 2025 | $1,188,000 | 47,481 | 26,575 | 64 |
| NJ-465662 | 12.1 | Nov 28, 2023 | $382,600 | 31,650 | 21,131 | 63 |
| NJ-383533 | 2.6 | Jul 3, 2025 | $63,000 | 24,305 | 14,093 | 61 |
| NJ-676138 | 17.1 | Jul 16, 2024 | $309,300 | 18,119 | 16,793 | 60 |
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.