Comparable sales & offer analysis
Parcel NJ-566066
Salem County, NJ · 16.20 ac · Residential · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$600,500
Adjusted value
$392,423
Value range
$329,535–$455,311
Comp $/acre
$24,224/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +53.0% versus the adjusted value.
Offer position
Max allowable offer
$224,242
Offer $/acre
$13,842/ac
Projected profit
$117,727
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 | 28,830 | 87 |
| NJ-406631 | 24.4 | Jan 5, 2026 | $657,100 | 26,942 | 24,672 | 81 |
| NJ-695788 | 13.2 | Jul 27, 2026 | $367,200 | 27,738 | 25,940 | 80 |
| NJ-976688 | 25.4 | Jul 27, 2026 | $384,000 | 15,108 | 27,766 | 80 |
| NJ-555373 | 9.8 | Jun 12, 2025 | $108,900 | 11,112 | 15,210 | 67 |
| NJ-494569 | 5.5 | Jun 12, 2025 | $68,900 | 12,570 | 20,973 | 65 |
| NJ-894649 | 5.8 | Mar 16, 2025 | $160,400 | 27,658 | 22,138 | 64 |
| NJ-327771 | 55.7 | Aug 24, 2025 | $912,600 | 16,383 | 24,167 | 61 |
| NJ-557549 | 47.4 | May 25, 2024 | $818,400 | 17,255 | 25,882 | 57 |
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.