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Casey County, KY · Sold

KY-449104

8937 County Road 385

$1,081,000
$2,687/ac · 402 ac
Acreage402 ac
Price per acre$2,687/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedMay 14, 2026
Coordinates37.3470, -84.9841
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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

Casey County, Kentucky. Cave country and Appalachian hunting tracts with cheap owner financing.

View Casey market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands10.3% of tract

Little to no mapped wetland coverage.

Average slope4.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,776 ft of deeded road frontage.

Power63 ft away

Power at or near the road.

Buildable area342.85 of 402.34 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,350,801
$1,137,973$1,563,629 · $3,357/ac on 402 ac
Asking vs estimate
-20.0%
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 $1,081,000
Maximum allowable offer
$771,886
$1,918/ac · +30.0% target margin

You need $309,114 off asking to hit this margin.

All-in cost$837,496
Net resale$1,242,737
Projected profit$405,241
ROI+48.4%
Annualized+69.2%
Break-even resale$2,263/ac
Profit if resale lands off target
-20%
$156,693
-10%
$280,967
0%
$405,241
+10%
$529,514
+20%
$653,788
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-979607
Dirt · Power at road
579.2Apr 29, 2026$1,099,7001,8992,4942.4 mi
81
KY-979797
Gravel · Off grid
664.7Mar 17, 2026$1,463,1002,2013,0673.6 mi
77
KY-477557
Dirt · Power at road
131.2May 23, 2026$485,9003,7043,1723.4 mi
72
KY-538357
Gravel · Power at road
234.2Apr 6, 2025$1,086,4004,6394,1895.7 mi
71
KY-818185
Gravel · Off grid
206.8Sep 7, 2025$766,4003,7073,7386.3 mi
70
KY-387890
Dirt · Off grid
167.0Jul 16, 2024$424,4002,5422,9401.8 mi
67
KY-409882
Gravel · Power at road
706.9Aug 1, 2024$2,102,4002,9743,8309.0 mi
66
KY-568034
Dirt · Off grid
185.3Jun 26, 2025$583,1003,1463,6087.2 mi
64
Show adjustment detail for the top comp
  • Tract size (579.23 ac → 402.34 ac)+11.6%
  • Access (Dirt → Gravel)+16.3%
  • Market time (4 mo)+1.2%

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.