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Gibson County, IN · Sold

IN-222538

385 County Road 362

$47,800
$15,223/ac · 3.14 ac
Acreage3.14 ac
Price per acre$15,223/ac
ZoningAgricultural
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedOct 19, 2024
Coordinates38.3118, -87.6042
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

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope10.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area2.91 of 3.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,850
$26,439$39,261 · $10,462/ac on 3.14 ac
Asking vs estimate
+45.5%
Priced above 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 $47,800
Maximum allowable offer
$18,771
$5,978/ac · +30.0% target margin

You need $29,029 off asking to hit this margin.

All-in cost$20,367
Net resale$30,222
Projected profit$9,855
ROI+48.4%
Annualized+69.3%
Break-even resale$7,050/ac
Profit if resale lands off target
-20%
$3,811
-10%
$6,833
0%
$9,855
+10%
$12,878
+20%
$15,900
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-781199
Dirt · Off grid
1.2Jul 27, 2026$8,8007,41510,4614.4 mi
79
IN-893037
Paved · Full utilities
4.5Feb 7, 2026$58,40012,9509,7703.5 mi
79
IN-422704
Paved · Off grid
3.5Apr 23, 2025$24,5006,9057,6525.5 mi
74
IN-113586
Dirt · Power at road
6.7Jun 21, 2025$67,30010,02213,2465.9 mi
67
IN-903229
Gravel · Power at road
5.2Sep 29, 2024$59,20011,40913,1663.7 mi
66
IN-203449
Dirt · Off grid
6.1Nov 5, 2024$34,0005,5968,8696.0 mi
66
Show adjustment detail for the top comp
  • Tract size (1.19 ac → 3.14 ac)-1.9%
  • Utilities (Off grid → Full utilities)+43.5%

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.