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Boone County, IN · Sold

IN-360347

8475 County Road 183

$12,700
$19,844/ac · 0.64 ac
Acreage0.64 ac
Price per acre$19,844/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographyRolling
ListedMay 6, 2025
Coordinates40.1141, -86.4187
Loading terrain…
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

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands9.2% of tract

Little to no mapped wetland coverage.

Average slope4.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

181 ft of deeded road frontage.

Power171 ft away

Power at or near the road.

Buildable area0.55 of 0.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$11,799
$10,537$13,060 · $18,435/ac on 0.64 ac
Asking vs estimate
+7.6%
Priced above the comp set

Weighted from 5 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 $12,700
Maximum allowable offer
$6,742
$10,534/ac · +30.0% target margin

You need $5,958 off asking to hit this margin.

All-in cost$7,315
Net resale$10,855
Projected profit$3,540
ROI+48.4%
Annualized+69.3%
Break-even resale$12,424/ac
Profit if resale lands off target
-20%
$1,369
-10%
$2,454
0%
$3,540
+10%
$4,625
+20%
$5,710
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-460238
Gravel · Power at road
0.6Feb 28, 2026$10,60017,95121,5814.4 mi
83
IN-171538
Dirt · Power at road
1.5Feb 3, 2026$19,20012,64317,8942.5 mi
72
IN-111686
Dirt · Off grid
1.7Jul 20, 2026$16,4009,61815,7434.6 mi
71
IN-731212
Gravel · Power at road
1.2Jul 6, 2025$17,70014,77518,3544.8 mi
69
IN-711615
Landlocked · Full utilities
1.6Jun 21, 2024$18,50011,49218,0028.4 mi
57
Show adjustment detail for the top comp
  • Access (Gravel → Paved)+18.0%
  • Market time (6 mo)+1.9%

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.