Comparable sales & offer analysis
Parcel NJ-173194
Somerset County, NJ · 2.02 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$49,600
Adjusted value
$75,548
Value range
$60,485–$90,610
Comp $/acre
$37,400/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -34.3% versus the adjusted value.
Offer position
Max allowable offer
$43,170
Offer $/acre
$21,371/ac
Projected profit
$22,664
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-843580 | 2.7 | Jul 27, 2026 | $64,400 | 24,039 | 35,861 | 81 |
| NJ-502937 | 1.7 | Jul 27, 2026 | $91,500 | 54,454 | 37,991 | 79 |
| NJ-312743 | 1.5 | Oct 12, 2025 | $61,800 | 42,312 | 50,928 | 75 |
| NJ-132003 | 0.8 | Sep 9, 2025 | $21,600 | 25,440 | 30,540 | 69 |
| NJ-551954 | 0.8 | Mar 24, 2024 | $26,700 | 32,613 | 30,203 | 64 |
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.