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Henderson County, KY · Sold

KY-538499

9185 County Road 104

$499,300
$1,924/ac · 260 ac
Acreage260 ac
Price per acre$1,924/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedOct 6, 2023
Coordinates37.7866, -87.6152
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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
37
Moderate risk
Wetlands4.7% of tract

Little to no mapped wetland coverage.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power12,318 ft away

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

Buildable area235.00 of 259.57 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$512,100
$434,322$589,879 · $1,973/ac on 260 ac
Asking vs estimate
-2.5%
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 $499,300
Maximum allowable offer
$292,629
$1,127/ac · +30.0% target margin

You need $206,671 off asking to hit this margin.

All-in cost$317,502
Net resale$471,132
Projected profit$153,630
ROI+48.4%
Annualized+69.2%
Break-even resale$1,330/ac
Profit if resale lands off target
-20%
$59,403
-10%
$106,517
0%
$153,630
+10%
$200,743
+20%
$247,856
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-688548
Paved · Off grid
268.9Jul 27, 2026$1,069,3003,9762,3203.5 mi
89
KY-999404
Gravel · Off grid
500.0Jul 27, 2026$1,182,5002,3651,9563.6 mi
83
KY-708642
Landlocked · Off grid
287.9Oct 16, 2025$618,4002,1482,2906.6 mi
81
KY-709130
Gravel · Power at road
410.0Jul 27, 2026$1,083,7002,6431,7503.5 mi
79
KY-339023
Landlocked · Full utilities
379.4May 22, 2025$929,4002,4502,0062.2 mi
75
KY-888939
Dirt · Power at road
357.0Feb 13, 2026$756,4002,1191,5956.7 mi
75
KY-569521
Gravel · Off grid
544.2Feb 25, 2026$1,046,6001,9231,6602.5 mi
74
KY-947228
Dirt · Power at road
103.4Jul 27, 2026$481,3004,6562,4475.1 mi
72
KY-259966
Dirt · Power at road
751.3Mar 18, 2026$1,253,3001,6681,5671.4 mi
70
KY-937073
Paved · Power at road
92.4Jul 27, 2026$508,7005,5062,0527.5 mi
69
Show adjustment detail for the top comp
  • Tract size (268.95 ac → 259.57 ac)+1.0%
  • Access (Paved → Landlocked)-42.4%

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.