Gibson County, IN · Sold

IN-586186

496 County Road 373

$288,500

$6,532/ac · 44.17 ac

Offer report Market this tract

Acreage44.17 ac

Price per acre$6,532/ac

ZoningRecreational

Road accessGravel

UtilitiesOff grid

TopographySloped

ListedMay 30, 2024

Coordinates38.3075, -87.5115

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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

Moderate risk

Wetlands0.5% of tract

Little to no mapped wetland coverage.

Average slope31.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power1,706 ft away

Service extension needed; get a utility quote.

Buildable area26.37 of 44.17 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$345,782

$270,405 – $421,159 · $7,828/ac on 44.17 ac

Asking vs estimate

-16.6%

Priced below the comp set

Weighted from 10 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 $288,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$197,590

$4,473/ac · +30.0% target margin

You need $90,910 off asking to hit this margin.

All-in cost$214,385

Net resale$318,120

Projected profit$103,734

ROI+48.4%

Annualized+69.2%

Break-even resale$5,276/ac

Profit if resale lands off target

-20%

$40,110

-10%

$71,922

$103,734

+10%

$135,546

+20%

$167,358

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-515885 Gravel · Off grid	35.5	Sep 13, 2025	$194,700	5,483	5,473	1.4 mi	82
IN-505493 Paved · Off grid	26.7	Jul 27, 2026	$305,700	11,434	8,913	6.6 mi	78
IN-605092 Paved · Full utilities	20.0	Jul 27, 2026	$351,900	17,597	9,179	2.5 mi	76
IN-687376 Gravel · Off grid	104.6	Jan 9, 2026	$531,400	5,079	6,301	9.1 mi	75
IN-617581 Landlocked · Off grid	121.3	Aug 1, 2025	$432,600	3,565	6,874	1.4 mi	72
IN-405252 Paved · Power at road	22.5	Jul 27, 2026	$341,300	15,195	9,819	9.7 mi	72
IN-776635 Paved · Off grid	61.1	Oct 8, 2024	$500,400	8,183	7,984	6.1 mi	70
IN-185518 Dirt · Off grid	27.2	Jun 29, 2025	$189,700	6,968	7,811	6.8 mi	70
IN-697854 Dirt · Power at road	147.9	Jun 17, 2026	$624,800	4,225	5,563	1.9 mi	70
IN-166902 Landlocked · Power at road	74.2	Sep 3, 2024	$527,300	7,106	10,714	1.5 mi	68

Show adjustment detail for the top comp

Tract size (35.52 ac → 44.17 ac)-3.9%
Market time (11 mo)+3.9%

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.

Build the listing kit Post a deal or JV