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Daviess County, IN · Sold

IN-139244

8512 County Road 308

$1,984,300
$4,902/ac · 405 ac
Acreage405 ac
Price per acre$4,902/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedJul 5, 2025
Coordinates38.6989, -87.1313
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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

Daviess County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Daviess market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands19.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,603 ft of deeded road frontage.

Power9,406 ft away

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

Buildable area311.12 of 404.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,513,221
$2,042,773$2,983,670 · $6,208/ac on 405 ac
Asking vs estimate
-21.0%
Priced below the comp set

Weighted from 7 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 $1,984,300
Maximum allowable offer
$1,436,127
$3,548/ac · +30.0% target margin

You need $548,173 off asking to hit this margin.

All-in cost$1,558,198
Net resale$2,312,164
Projected profit$753,966
ROI+48.4%
Annualized+69.2%
Break-even resale$4,184/ac
Profit if resale lands off target
-20%
$291,533
-10%
$522,750
0%
$753,966
+10%
$985,182
+20%
$1,216,399
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-638869
Gravel · Off grid
308.5Jul 27, 2026$1,811,5005,8725,4320.4 mi
89
IN-189424
Gravel · Power at road
461.2Aug 21, 2025$3,374,4007,3176,7348.9 mi
76
IN-427543
Landlocked · Off grid
118.1Aug 4, 2025$723,8006,1316,6640.3 mi
71
IN-787270
Dirt · Off grid
96.9Feb 27, 2026$935,0009,6527,7153.5 mi
66
IN-597374
Paved · Off grid
104.5May 12, 2024$811,6007,7704,9535.1 mi
61
IN-987543
Paved · Full utilities
118.1Jun 25, 2025$1,193,10010,1064,4304.0 mi
61
IN-707043
Paved · Off grid
82.2Feb 12, 2025$1,078,80013,1277,6677.0 mi
56
Show adjustment detail for the top comp
  • Tract size (308.51 ac → 404.81 ac)-7.7%

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.