Boone County, IN · Sold

IN-557612

1934 County Road 94

$948,300

$7,641/ac · 124 ac

Offer report Market this tract

Acreage124 ac

Price per acre$7,641/ac

ZoningRecreational

Road accessGravel

UtilitiesPower at road

TopographyFlat

ListedNov 1, 2023

Coordinates40.1054, -86.5009

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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

3 items to verify before you offer.

Risk index

Low risk

Wetlands15.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,226 ft of deeded road frontage.

Power3 ft away

Power at or near the road.

Buildable area99.39 of 124.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,026,087

$795,876 – $1,256,297 · $8,268/ac on 124 ac

Asking vs estimate

-7.6%

Priced below 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 $948,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$586,335

$4,724/ac · +30.0% target margin

You need $361,965 off asking to hit this margin.

All-in cost$636,173

Net resale$944,000

Projected profit$307,826

ROI+48.4%

Annualized+69.2%

Break-even resale$5,572/ac

Profit if resale lands off target

-20%

$119,026

-10%

$213,426

$307,826

+10%

$402,226

+20%

$496,626

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-107836 Gravel · Power at road	146.0	Jul 25, 2025	$861,400	5,901	6,431	4.5 mi	84
IN-917963 Dirt · Off grid	160.0	Jul 27, 2026	$1,172,700	7,328	10,743	1.9 mi	83
IN-336868 Landlocked · Power at road	72.4	Aug 17, 2025	$275,400	3,803	5,113	2.6 mi	73
IN-366514 Gravel · Off grid	56.0	Jul 29, 2025	$488,200	8,714	8,881	1.7 mi	71
IN-219165 Paved · Off grid	382.3	Jul 27, 2026	$1,876,400	4,908	6,720	3.2 mi	71
IN-527479 Landlocked · Off grid	112.7	May 30, 2024	$595,400	5,282	9,746	8.4 mi	69
IN-455949 Landlocked · Off grid	37.2	Jul 27, 2026	$255,300	6,860	9,121	5.4 mi	69
IN-235928 Gravel · Off grid	36.6	Feb 24, 2026	$379,900	10,368	9,512	6.2 mi	67

Show adjustment detail for the top comp

Tract size (145.97 ac → 124.11 ac)+4.3%
Market time (13 mo)+4.4%

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.

Build the listing kit Post a deal or JV