Henderson County, KY · Sold

KY-709130

361 County Road 138

$1,177,900

$2,873/ac · 410 ac

Offer report Market this tract

Acreage410 ac

Price per acre$2,873/ac

ZoningUnzoned

Road accessGravel

UtilitiesPower at road

TopographySloped

ListedMay 6, 2026

Coordinates37.8178, -87.6660

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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

Henderson County, Kentucky. Cave country and Appalachian hunting tracts with cheap owner financing.

View Henderson market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope22.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,555 ft of deeded road frontage.

Power136 ft away

Power at or near the road.

Buildable area234.68 of 409.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,206,005

$1,027,886 – $1,384,124 · $2,942/ac on 410 ac

Asking vs estimate

-2.3%

In line with 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 $1,177,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$689,146

$1,681/ac · +30.0% target margin

You need $488,754 off asking to hit this margin.

All-in cost$747,723

Net resale$1,109,524

Projected profit$361,801

ROI+48.4%

Annualized+69.2%

Break-even resale$1,982/ac

Profit if resale lands off target

-20%

$139,896

-10%

$250,849

$361,801

+10%

$472,753

+20%

$583,706

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
KY-999404 Gravel · Off grid	500.0	Jul 27, 2026	$1,182,500	2,365	2,960	7.1 mi	84
KY-569521 Gravel · Off grid	544.2	Feb 25, 2026	$1,046,600	1,923	2,512	3.3 mi	81
KY-888939 Dirt · Power at road	357.0	Feb 13, 2026	$756,400	2,119	2,414	9.2 mi	79
KY-688548 Paved · Off grid	268.9	Jul 27, 2026	$1,069,300	3,976	3,510	5.9 mi	78
KY-339023 Landlocked · Full utilities	379.4	May 22, 2025	$929,400	2,450	3,035	3.5 mi	77
KY-259966 Dirt · Power at road	751.3	Mar 18, 2026	$1,253,300	1,668	2,371	3.0 mi	76
KY-699560 Gravel · Full utilities	559.8	Dec 26, 2023	$1,473,000	2,631	2,631	6.2 mi	73
KY-708642 Landlocked · Off grid	287.9	Oct 16, 2025	$618,400	2,148	3,466	7.5 mi	71
KY-769743 Dirt · Power at road	639.2	Mar 3, 2024	$1,556,700	2,435	3,572	4.6 mi	67
KY-538499 Landlocked · Off grid	259.6	Aug 27, 2024	$488,300	1,881	3,082	3.5 mi	67

Show adjustment detail for the top comp

Tract size (500.01 ac → 409.99 ac)+6.1%
Utilities (Off grid → Power at road)+17.6%

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.

Build the listing kit Post a deal or JV