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Boone County, IN · Sold

IN-336868

9302 County Road 115

$335,000
$4,627/ac · 72.40 ac
Acreage72.40 ac
Price per acre$4,627/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedDec 25, 2024
Coordinates40.0729, -86.5268
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Boone County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Boone market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
29
Low risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope7.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power22 ft away

Power at or near the road.

Buildable area67.95 of 72.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$484,617
$407,416$561,819 · $6,694/ac on 72.40 ac
Asking vs estimate
-30.9%
Priced below the comp set

Weighted from 9 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $335,000
Maximum allowable offer
$276,924
$3,825/ac · +30.0% target margin

You need $58,076 off asking to hit this margin.

All-in cost$300,463
Net resale$445,848
Projected profit$145,385
ROI+48.4%
Annualized+69.2%
Break-even resale$4,511/ac
Profit if resale lands off target
-20%
$56,216
-10%
$100,801
0%
$145,385
+10%
$189,970
+20%
$234,555
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-455949
Landlocked · Off grid
37.2Jul 27, 2026$255,3006,8607,0692.8 mi
79
IN-366514
Gravel · Off grid
56.0Jul 29, 2025$488,2008,7146,8833.1 mi
75
IN-917963
Dirt · Off grid
160.0Jul 27, 2026$1,172,7007,3288,3264.4 mi
74
IN-995656
Gravel · Full utilities
30.1Jul 27, 2026$441,90014,6856,9176.1 mi
72
IN-235928
Gravel · Off grid
36.6Feb 24, 2026$379,90010,3687,3736.0 mi
70
IN-575862
Dirt · Power at road
34.9Nov 4, 2024$241,2006,9065,0731.0 mi
68
IN-527479
Landlocked · Off grid
112.7May 30, 2024$595,4005,2827,5536.0 mi
68
IN-107836
Gravel · Power at road
146.0Jul 25, 2025$861,4005,9014,9846.8 mi
67
IN-557612
Gravel · Power at road
124.1Feb 19, 2024$839,2006,7625,7892.6 mi
67
Show adjustment detail for the top comp
  • Tract size (37.21 ac → 72.4 ac)-12.6%
  • Utilities (Off grid → Power at road)+17.6%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.