Comparable sales & offer analysis
Parcel NJ-379793
Somerset County, NJ · 241 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$4,853,800
Adjusted value
$2,949,419
Value range
$2,713,466–$3,185,373
Comp $/acre
$12,238/ac
Weighted from 4 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +64.6% versus the adjusted value.
Offer position
Max allowable offer
$1,685,382
Offer $/acre
$6,993/ac
Projected profit
$884,826
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-169529 | 199.1 | Jul 27, 2026 | $3,333,800 | 16,748 | 11,657 | 85 |
| NJ-359641 | 215.9 | Jul 27, 2026 | $3,211,600 | 14,877 | 11,912 | 85 |
| NJ-438362 | 85.5 | Jan 21, 2026 | $1,284,700 | 15,031 | 11,776 | 69 |
| NJ-746850 | 28.6 | Oct 24, 2024 | $615,900 | 21,551 | 14,278 | 53 |
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.