Comparable sales & offer analysis
Parcel NJ-566066
Salem County, NJ · 16.20 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$600,500
Adjusted value
$394,438
Value range
$331,159–$457,716
Comp $/acre
$24,348/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +52.2% versus the adjusted value.
Offer position
Max allowable offer
$225,393
Offer $/acre
$13,913/ac
Projected profit
$118,331
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-715934 | 14.7 | Jul 27, 2026 | $504,900 | 34,299 | 28,990 | 85 |
| NJ-406631 | 24.4 | Jan 5, 2026 | $657,100 | 26,942 | 24,806 | 80 |
| NJ-695788 | 13.2 | Jul 27, 2026 | $367,200 | 27,738 | 26,085 | 79 |
| NJ-976688 | 25.4 | Jul 27, 2026 | $384,000 | 15,108 | 27,921 | 79 |
| NJ-555373 | 9.8 | Jun 12, 2025 | $108,900 | 11,112 | 15,291 | 66 |
| NJ-494569 | 5.5 | Jun 12, 2025 | $68,900 | 12,570 | 21,084 | 64 |
| NJ-894649 | 5.8 | Mar 16, 2025 | $160,400 | 27,658 | 22,255 | 63 |
| NJ-327771 | 55.7 | Aug 24, 2025 | $912,600 | 16,383 | 24,297 | 60 |
| NJ-557549 | 47.4 | May 25, 2024 | $818,400 | 17,255 | 26,015 | 56 |
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.