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Boone County, IN · Sold

IN-455949

6466 County Road 292

$262,900
$7,065/ac · 37.21 ac
Acreage37.21 ac
Price per acre$7,065/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedAug 9, 2025
Coordinates40.0384, -86.5542
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

4 items to verify before you offer.

Risk index
58
High risk
Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope26.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9,378 ft away

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

Buildable area21.30 of 37.21 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$220,520
$176,235$264,805 · $5,926/ac on 37.21 ac
Asking vs estimate
+19.2%
Priced above the comp set

Weighted from 8 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 $262,900
Maximum allowable offer
$126,012
$3,386/ac · +30.0% target margin

You need $136,888 off asking to hit this margin.

All-in cost$136,723
Net resale$202,879
Projected profit$66,156
ROI+48.4%
Annualized+69.2%
Break-even resale$3,994/ac
Profit if resale lands off target
-20%
$25,580
-10%
$45,868
0%
$66,156
+10%
$86,444
+20%
$106,731
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-235928
Gravel · Off grid
36.6Feb 24, 2026$379,90010,3687,1707.0 mi
87
IN-995656
Gravel · Full utilities
30.1Jul 27, 2026$441,90014,6856,7273.5 mi
84
IN-805101
Gravel · Power at road
20.1Jul 27, 2026$186,3009,2534,8802.8 mi
77
IN-575862
Dirt · Power at road
34.9Nov 4, 2024$241,2006,9064,9343.3 mi
75
IN-366514
Gravel · Off grid
56.0Jul 29, 2025$488,2008,7146,6945.7 mi
72
IN-336868
Landlocked · Power at road
72.4Aug 17, 2025$275,4003,8033,8542.8 mi
72
IN-527479
Landlocked · Off grid
112.7May 30, 2024$595,4005,2827,3464.1 mi
63
IN-557612
Gravel · Power at road
124.1Feb 19, 2024$839,2006,7625,6305.4 mi
55
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Market time (6 mo)+2.0%

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.