Comparable sales & offer analysis
Parcel NJ-894649
Salem County, NJ · 5.80 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$186,100
Adjusted value
$191,224
Value range
$144,169–$238,278
Comp $/acre
$32,970/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -2.7% versus the adjusted value.
Offer position
Max allowable offer
$109,271
Offer $/acre
$18,840/ac
Projected profit
$57,367
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-494569 | 5.5 | Jun 12, 2025 | $68,900 | 12,570 | 27,762 | 81 |
| NJ-695788 | 13.2 | Jul 27, 2026 | $367,200 | 27,738 | 34,338 | 75 |
| NJ-715934 | 14.7 | Jul 27, 2026 | $504,900 | 34,299 | 38,163 | 73 |
| NJ-993680 | 2.9 | Feb 17, 2025 | $68,100 | 23,661 | 28,452 | 73 |
| NJ-724035 | 3.7 | Jul 3, 2025 | $168,300 | 45,245 | 39,384 | 71 |
| NJ-543447 | 2.4 | Jan 1, 2026 | $77,100 | 31,718 | 26,721 | 71 |
| NJ-555373 | 9.8 | Jun 12, 2025 | $108,900 | 11,112 | 20,134 | 69 |
| NJ-566066 | 16.2 | Jan 5, 2026 | $506,200 | 31,248 | 42,423 | 68 |
| NJ-253952 | 3.5 | Jul 6, 2024 | $51,200 | 14,620 | 26,005 | 66 |
| NJ-882985 | 1.7 | Nov 18, 2024 | $56,600 | 32,507 | 48,178 | 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.