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Gibson County, IN · Sold

IN-203449

9439 County Road 21

$34,400
$5,658/ac · 6.08 ac
Acreage6.08 ac
Price per acre$5,658/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedOct 20, 2024
Coordinates38.3952, -87.6339
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

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

View Gibson market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
22
Low risk
Wetlands10.6% of tract

Little to no mapped wetland coverage.

Average slope7.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

308 ft of deeded road frontage.

Power8,454 ft away

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

Buildable area5.16 of 6.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$47,925
$37,450$58,400 · $7,882/ac on 6.08 ac
Asking vs estimate
-28.2%
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 $34,400
Maximum allowable offer
$27,386
$4,504/ac · +30.0% target margin

You need $7,014 off asking to hit this margin.

All-in cost$29,714
Net resale$44,091
Projected profit$14,377
ROI+48.4%
Annualized+69.2%
Break-even resale$5,312/ac
Profit if resale lands off target
-20%
$5,559
-10%
$9,968
0%
$14,377
+10%
$18,786
+20%
$23,195
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-113586
Dirt · Power at road
6.7Jun 21, 2025$67,30010,0228,9812.2 mi
85
IN-893037
Paved · Full utilities
4.5Feb 7, 2026$58,40012,9506,6248.7 mi
74
IN-903229
Gravel · Power at road
5.2Sep 29, 2024$59,20011,4098,9278.5 mi
74
IN-704513
Gravel · Off grid
13.2Nov 23, 2025$88,3006,7156,3021.8 mi
72
IN-422704
Paved · Off grid
3.5Apr 23, 2025$24,5006,9055,18810.0 mi
71
IN-684607
Dirt · Off grid
14.1Sep 3, 2025$87,1006,1906,8637.4 mi
69
IN-222538
Dirt · Full utilities
3.1May 4, 2025$44,90014,29410,2146.0 mi
68
IN-605092
Paved · Full utilities
20.0Jul 27, 2026$351,90017,5979,9418.0 mi
67
Show adjustment detail for the top comp
  • Tract size (6.72 ac → 6.08 ac)+0.6%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (14 mo)+4.8%

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.