Comparable sales & offer analysis
Parcel NJ-312743
Somerset County, NJ · 1.46 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$58,500
Adjusted value
$40,613
Value range
$34,960–$46,266
Comp $/acre
$27,817/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +44.0% versus the adjusted value.
Offer position
Max allowable offer
$23,208
Offer $/acre
$15,896/ac
Projected profit
$12,184
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-502937 | 1.7 | Jul 27, 2026 | $91,500 | 54,454 | 32,857 | 83 |
| NJ-173194 | 2.0 | Feb 4, 2026 | $48,100 | 23,793 | 21,148 | 77 |
| NJ-843580 | 2.7 | Jul 27, 2026 | $64,400 | 24,039 | 31,015 | 75 |
| NJ-132003 | 0.8 | Sep 9, 2025 | $21,600 | 25,440 | 26,413 | 74 |
| NJ-741283 | 0.5 | Jul 27, 2026 | $12,500 | 24,522 | 28,790 | 73 |
| NJ-551954 | 0.8 | Mar 24, 2024 | $26,700 | 32,613 | 26,122 | 65 |
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.