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Daviess County, IN · Sold

IN-987543

5554 County Road 360

$1,172,000
$9,927/ac · 118 ac
Acreage118 ac
Price per acre$9,927/ac
ZoningRecreational
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedJan 10, 2025
Coordinates38.7500, -87.1662
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

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

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands9.2% of tract

Little to no mapped wetland coverage.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,951 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area101.84 of 118.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,773,105
$1,441,733$2,104,477 · $15,019/ac on 118 ac
Asking vs estimate
-33.9%
Priced below the comp set

Weighted from 6 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 $1,172,000
Maximum allowable offer
$1,013,203
$8,582/ac · +30.0% target margin

You need $158,797 off asking to hit this margin.

All-in cost$1,099,325
Net resale$1,631,257
Projected profit$531,932
ROI+48.4%
Annualized+69.2%
Break-even resale$10,121/ac
Profit if resale lands off target
-20%
$205,680
-10%
$368,806
0%
$531,932
+10%
$695,057
+20%
$858,183
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-787270
Dirt · Off grid
96.9Feb 27, 2026$935,0009,65218,4452.9 mi
80
IN-427543
Landlocked · Off grid
118.1Aug 4, 2025$723,8006,13115,9323.9 mi
80
IN-597374
Paved · Off grid
104.5May 12, 2024$811,6007,77011,8411.8 mi
76
IN-707043
Paved · Off grid
82.2Feb 12, 2025$1,078,80013,12718,3319.6 mi
74
IN-638869
Gravel · Off grid
308.5Jul 27, 2026$1,811,5005,87212,9874.2 mi
72
IN-139244
Gravel · Off grid
404.8Jan 29, 2026$1,968,4004,86311,8914.0 mi
65
Show adjustment detail for the top comp
  • Tract size (96.87 ac → 118.06 ac)-4.8%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • 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.