Gibson County, IN · Sold

IN-515885

5322 County Road 350

$227,500

$6,405/ac · 35.52 ac

Offer report Market this tract

Acreage35.52 ac

Price per acre$6,405/ac

ZoningUnzoned

Road accessGravel

UtilitiesOff grid

TopographyMixed

ListedAug 1, 2024

Coordinates38.3280, -87.5145

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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

5 items to verify before you offer.

Risk index

Moderate risk

Wetlands16.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power8,958 ft away

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

Buildable area28.04 of 35.52 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$299,354

$242,661 – $356,047 · $8,428/ac on 35.52 ac

Asking vs estimate

-24.0%

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 $227,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$171,059

$4,816/ac · +30.0% target margin

You need $56,441 off asking to hit this margin.

All-in cost$185,599

Net resale$275,405

Projected profit$89,806

ROI+48.4%

Annualized+69.3%

Break-even resale$5,680/ac

Profit if resale lands off target

-20%

$34,725

-10%

$62,266

$89,806

+10%

$117,347

+20%

$144,887

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-505493 Paved · Off grid	26.7	Jul 27, 2026	$305,700	11,434	9,274	5.2 mi	83
IN-605092 Paved · Full utilities	20.0	Jul 27, 2026	$351,900	17,597	9,550	1.2 mi	79
IN-586186 Gravel · Off grid	44.2	Aug 6, 2024	$309,300	7,002	7,905	1.4 mi	77
IN-405252 Paved · Power at road	22.5	Jul 27, 2026	$341,300	15,195	10,216	10.3 mi	75
IN-185518 Dirt · Off grid	27.2	Jun 29, 2025	$189,700	6,968	8,127	7.6 mi	73
IN-704513 Gravel · Off grid	13.2	Nov 23, 2025	$88,300	6,715	6,054	6.2 mi	69
IN-684607 Dirt · Off grid	14.1	Sep 3, 2025	$87,100	6,190	6,593	2.0 mi	69
IN-687376 Gravel · Off grid	104.6	Jan 9, 2026	$531,400	5,079	6,556	8.7 mi	68
IN-776635 Paved · Off grid	61.1	Oct 8, 2024	$500,400	8,183	8,307	4.8 mi	67
IN-145676 Landlocked · Full utilities	30.5	Dec 19, 2023	$311,500	10,202	11,329	8.4 mi	67

Show adjustment detail for the top comp

Tract size (26.74 ac → 35.52 ac)-4.5%
Access (Paved → Gravel)-15.3%

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