Comparable sales & offer analysis
Parcel NJ-551954
Somerset County, NJ · 0.82 ac · Agricultural · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$29,100
Adjusted value
$34,638
Value range
$27,056–$42,220
Comp $/acre
$42,241/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -16.0% versus the adjusted value.
Offer position
Max allowable offer
$19,793
Offer $/acre
$24,138/ac
Projected profit
$10,391
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-132003 | 0.8 | Sep 9, 2025 | $21,600 | 25,440 | 36,480 | 82 |
| NJ-741283 | 0.5 | Jul 27, 2026 | $12,500 | 24,522 | 39,763 | 79 |
| NJ-502937 | 1.7 | Jul 27, 2026 | $91,500 | 54,454 | 45,380 | 74 |
| NJ-831001 | 0.4 | Jul 27, 2026 | $8,700 | 21,284 | 43,603 | 74 |
| NJ-173194 | 2.0 | Feb 4, 2026 | $48,100 | 23,793 | 29,209 | 72 |
| NJ-312743 | 1.5 | Oct 12, 2025 | $61,800 | 42,312 | 60,833 | 71 |
| NJ-160483 | 0.3 | Aug 19, 2025 | $5,200 | 17,192 | 28,903 | 69 |
| NJ-843580 | 2.7 | Jul 27, 2026 | $64,400 | 24,039 | 42,836 | 69 |
| NJ-450732 | 0.3 | Apr 18, 2026 | $15,900 | 46,910 | 53,508 | 68 |
| NJ-270398 | 0.3 | Apr 9, 2026 | $7,400 | 24,570 | 43,268 | 67 |
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.