Comparable sales & offer analysis
Parcel NJ-497869
Union County, NJ · 59.80 ac · Unzoned · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,134,900
Adjusted value
$1,396,405
Value range
$1,154,186–$1,638,624
Comp $/acre
$23,351/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.7% versus the adjusted value.
Offer position
Max allowable offer
$797,946
Offer $/acre
$13,344/ac
Projected profit
$418,922
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-997619 | 49.9 | Dec 10, 2024 | $772,800 | 15,487 | 18,791 | 73 |
| NJ-199265 | 164.4 | Oct 14, 2025 | $5,367,300 | 32,646 | 28,043 | 71 |
| NJ-996459 | 21.5 | Jul 27, 2026 | $879,600 | 40,856 | 27,423 | 70 |
| NJ-716197 | 17.8 | Jul 27, 2026 | $534,500 | 30,011 | 19,438 | 69 |
| NJ-518348 | 84.6 | Apr 29, 2024 | $2,564,900 | 30,314 | 20,031 | 68 |
| NJ-286471 | 21.7 | Nov 26, 2023 | $529,400 | 24,375 | 26,784 | 62 |
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.