Comparable sales & offer analysis
Parcel NJ-691283
Union County, NJ · 0.51 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$12,200
Adjusted value
$13,947
Value range
$10,357–$17,537
Comp $/acre
$27,347/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.5% versus the adjusted value.
Offer position
Max allowable offer
$7,970
Offer $/acre
$15,627/ac
Projected profit
$4,184
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-341573 | 0.6 | Nov 28, 2025 | $25,100 | 39,796 | 35,073 | 83 |
| NJ-561444 | 0.6 | Aug 13, 2024 | $14,500 | 25,500 | 21,989 | 78 |
| NJ-690901 | 0.4 | Oct 12, 2025 | $10,200 | 26,823 | 23,701 | 78 |
| NJ-802939 | 1.7 | Jul 27, 2026 | $42,700 | 25,399 | 17,412 | 72 |
| NJ-280940 | 0.4 | Dec 24, 2023 | $15,100 | 37,664 | 28,568 | 71 |
| NJ-680740 | 0.3 | Sep 26, 2024 | $24,800 | 72,870 | 37,385 | 69 |
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.