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Gibson County, IN · Sold

IN-160318

6470 County Road 388

$4,400
$6,984/ac · 0.63 ac
Acreage0.63 ac
Price per acre$6,984/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedFeb 8, 2024
Coordinates38.2608, -87.6640
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
14
Low risk
Wetlands7.9% of tract

Little to no mapped wetland coverage.

Average slope3.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

84 ft of deeded road frontage.

Power12,416 ft away

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

Buildable area0.55 of 0.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,557
$4,297$6,818 · $8,821/ac on 0.63 ac
Asking vs estimate
-20.8%
Priced below the comp set

Weighted from 5 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 $4,400
Maximum allowable offer
$3,176
$5,041/ac · +30.0% target margin

You need $1,224 off asking to hit this margin.

All-in cost$3,446
Net resale$5,113
Projected profit$1,667
ROI+48.4%
Annualized+69.2%
Break-even resale$5,945/ac
Profit if resale lands off target
-20%
$644
-10%
$1,156
0%
$1,667
+10%
$2,178
+20%
$2,689
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-781199
Dirt · Off grid
1.2Jul 27, 2026$8,8007,4157,4745.8 mi
85
IN-290671
Gravel · Power at road
0.8Jul 27, 2026$7,3009,0056,6107.6 mi
80
IN-500067
Gravel · Full utilities
0.5Jan 2, 2026$9,20017,61210,8148.4 mi
75
IN-210440
Gravel · Power at road
0.7Oct 21, 2024$6,9009,9937,8686.5 mi
72
IN-840577
Gravel · Power at road
0.8Jul 15, 2025$11,70015,41111,79511.7 mi
70
Show adjustment detail for the top comp
  • Tract size (1.19 ac → 0.63 ac)+0.6%

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.