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Gibson County, IN · Sold

IN-422704

9680 County Road 162

$26,500
$7,465/ac · 3.55 ac
Acreage3.55 ac
Price per acre$7,465/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographyFlat
ListedJul 27, 2024
Coordinates38.2897, -87.5066
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

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands7.1% of tract

Little to no mapped wetland coverage.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

285 ft of deeded road frontage.

Power10,526 ft away

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

Buildable area3.13 of 3.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$39,808
$32,355$47,260 · $11,213/ac on 3.55 ac
Asking vs estimate
-33.4%
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 $26,500
Maximum allowable offer
$22,747
$6,408/ac · +30.0% target margin

You need $3,753 off asking to hit this margin.

All-in cost$24,680
Net resale$36,623
Projected profit$11,943
ROI+48.4%
Annualized+69.3%
Break-even resale$7,557/ac
Profit if resale lands off target
-20%
$4,618
-10%
$8,280
0%
$11,943
+10%
$15,605
+20%
$19,267
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-893037
Paved · Full utilities
4.5Feb 7, 2026$58,40012,9509,3037.3 mi
78
IN-903229
Gravel · Power at road
5.2Sep 29, 2024$59,20011,40912,5371.9 mi
75
IN-222538
Dirt · Full utilities
3.1May 4, 2025$44,90014,29414,3455.5 mi
74
IN-781199
Dirt · Off grid
1.2Jul 27, 2026$8,8007,4159,9619.9 mi
70
IN-113586
Dirt · Power at road
6.7Jun 21, 2025$67,30010,02212,6138.8 mi
69
IN-203449
Dirt · Off grid
6.1Nov 5, 2024$34,0005,5968,44510.0 mi
69
Show adjustment detail for the top comp
  • Tract size (4.51 ac → 3.55 ac)+0.9%
  • Utilities (Full utilities → Off grid)-30.3%
  • 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.