Comparable sales & offer analysis
Parcel NJ-828119
Salem County, NJ · 71.68 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,421,200
Adjusted value
$1,317,643
Value range
$1,082,965–$1,552,320
Comp $/acre
$18,382/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.9% versus the adjusted value.
Offer position
Max allowable offer
$752,939
Offer $/acre
$10,504/ac
Projected profit
$395,293
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-757985 | 65.0 | Jan 29, 2025 | $937,600 | 14,415 | 12,378 | 77 |
| NJ-327771 | 55.7 | Aug 24, 2025 | $912,600 | 16,383 | 18,877 | 73 |
| NJ-976688 | 25.4 | Jul 27, 2026 | $384,000 | 15,108 | 21,692 | 71 |
| NJ-557549 | 47.4 | May 25, 2024 | $818,400 | 17,255 | 20,211 | 71 |
| NJ-406631 | 24.4 | Jan 5, 2026 | $657,100 | 26,942 | 19,272 | 69 |
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.