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Boone County, IN · Sold

IN-219165

3750 County Road 118

$1,836,000
$4,803/ac · 382 ac
Acreage382 ac
Price per acre$4,803/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedApr 8, 2026
Coordinates40.1002, -86.5617
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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

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands13.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,010 ft of deeded road frontage.

Power5,206 ft away

A long utility run — price in solar/off-grid instead.

Buildable area315.24 of 382.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,230,999
$1,632,768$2,829,229 · $5,836/ac on 382 ac
Asking vs estimate
-17.7%
Priced below 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 $1,836,000
Maximum allowable offer
$1,274,856
$3,335/ac · +30.0% target margin

You need $561,144 off asking to hit this margin.

All-in cost$1,383,219
Net resale$2,052,519
Projected profit$669,300
ROI+48.4%
Annualized+69.2%
Break-even resale$3,933/ac
Profit if resale lands off target
-20%
$258,796
-10%
$464,048
0%
$669,300
+10%
$874,552
+20%
$1,079,804
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-917963
Dirt · Off grid
160.0Jul 27, 2026$1,172,7007,3287,8644.1 mi
75
IN-336868
Landlocked · Power at road
72.4Aug 17, 2025$275,4003,8033,7432.6 mi
64
IN-107836
Gravel · Power at road
146.0Jul 25, 2025$861,4005,9014,7087.6 mi
62
IN-557612
Gravel · Power at road
124.1Feb 19, 2024$839,2006,7625,4683.2 mi
58
IN-527479
Landlocked · Off grid
112.7May 30, 2024$595,4005,2827,1348.2 mi
56
Show adjustment detail for the top comp
  • Tract size (160.04 ac → 382.29 ac)-22.0%
  • Access (Dirt → Paved)+37.2%

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.