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Gibson County, IN · Sold

IN-318063

2017 County Road 79

$908,800
$5,282/ac · 172 ac
Acreage172 ac
Price per acre$5,282/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedJul 18, 2024
Coordinates38.3785, -87.5896
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

4 items to verify before you offer.

Risk index
68
High risk
Wetlands46.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power37 ft away

Power at or near the road.

Buildable area88.27 of 172.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$838,150
$650,366$1,025,935 · $4,871/ac on 172 ac
Asking vs estimate
+8.4%
Priced above the comp set

Weighted from 9 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 $908,800
Maximum allowable offer
$478,943
$2,783/ac · +30.0% target margin

You need $429,857 off asking to hit this margin.

All-in cost$519,653
Net resale$771,098
Projected profit$251,445
ROI+48.4%
Annualized+69.2%
Break-even resale$3,283/ac
Profit if resale lands off target
-20%
$97,225
-10%
$174,335
0%
$251,445
+10%
$328,555
+20%
$405,665
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-697854
Dirt · Power at road
147.9Jun 17, 2026$624,8004,2253,2298.0 mi
82
IN-218777
Gravel · Off grid
288.6Jul 27, 2026$1,721,9005,9665,5347.8 mi
80
IN-617581
Landlocked · Off grid
121.3Aug 1, 2025$432,6003,5653,9906.2 mi
79
IN-687376
Gravel · Off grid
104.6Jan 9, 2026$531,4005,0793,6585.0 mi
77
IN-587813
Landlocked · Off grid
143.6Apr 12, 2025$647,6004,5115,3406.0 mi
75
IN-178650
Dirt · Power at road
263.3Feb 5, 2025$1,462,4005,5555,2659.9 mi
67
IN-166902
Landlocked · Power at road
74.2Sep 3, 2024$527,3007,1066,2197.1 mi
64
IN-596994
Landlocked · Power at road
79.3Jun 20, 2024$587,0007,4006,6309.5 mi
63
IN-776635
Paved · Off grid
61.1Oct 8, 2024$500,4008,1834,6351.4 mi
62
Show adjustment detail for the top comp
  • Tract size (147.89 ac → 172.07 ac)-4.0%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (2 mo)+0.7%

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.