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Gibson County, IN · Sold

IN-903229

5524 County Road 164

$65,000
$12,524/ac · 5.19 ac
Acreage5.19 ac
Price per acre$12,524/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedMar 17, 2024
Coordinates38.2960, -87.5399
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
25
Low risk
Wetlands23.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

496 ft of deeded road frontage.

Power75 ft away

Power at or near the road.

Buildable area3.76 of 5.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$51,176
$39,427$62,924 · $9,860/ac on 5.19 ac
Asking vs estimate
+27.0%
Priced above 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 $65,000
Maximum allowable offer
$29,243
$5,635/ac · +30.0% target margin

You need $35,757 off asking to hit this margin.

All-in cost$31,729
Net resale$47,081
Projected profit$15,353
ROI+48.4%
Annualized+69.3%
Break-even resale$6,645/ac
Profit if resale lands off target
-20%
$5,937
-10%
$10,645
0%
$15,353
+10%
$20,061
+20%
$24,769
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-893037
Paved · Full utilities
4.5Feb 7, 2026$58,40012,9509,1345.6 mi
79
IN-113586
Dirt · Power at road
6.7Jun 21, 2025$67,30010,02212,3857.6 mi
78
IN-422704
Paved · Off grid
3.5Apr 23, 2025$24,5006,9057,1541.9 mi
77
IN-203449
Dirt · Off grid
6.1Nov 5, 2024$34,0005,5968,2928.5 mi
74
IN-222538
Dirt · Full utilities
3.1May 4, 2025$44,90014,29414,0853.7 mi
69
IN-704513
Gravel · Off grid
13.2Nov 23, 2025$88,3006,7158,6917.0 mi
67
IN-684607
Dirt · Off grid
14.1Sep 3, 2025$87,1006,1909,4631.2 mi
67
Show adjustment detail for the top comp
  • Tract size (4.51 ac → 5.19 ac)-0.6%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (6 mo)+2.2%

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.