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Henderson County, KY · Sold

KY-688548

8885 County Road 45

$1,109,200
$4,124/ac · 269 ac
Acreage269 ac
Price per acre$4,124/ac
ZoningRecreational
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedDec 23, 2025
Coordinates37.8109, -87.5580
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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
18
Low risk
Wetlands3.3% of tract

Little to no mapped wetland coverage.

Average slope11.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,268 ft of deeded road frontage.

Power13,480 ft away

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

Buildable area247.07 of 268.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$867,179
$763,857$970,502 · $3,224/ac on 269 ac
Asking vs estimate
+27.9%
Priced above 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 $1,109,200
Maximum allowable offer
$495,531
$1,842/ac · +30.0% target margin

You need $613,669 off asking to hit this margin.

All-in cost$537,651
Net resale$797,805
Projected profit$260,154
ROI+48.4%
Annualized+69.2%
Break-even resale$2,173/ac
Profit if resale lands off target
-20%
$100,593
-10%
$180,373
0%
$260,154
+10%
$339,934
+20%
$419,715
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
KY-708642
Landlocked · Off grid
287.9Oct 16, 2025$618,4002,1483,9343.5 mi
81
KY-999404
Gravel · Off grid
500.0Jul 27, 2026$1,182,5002,3653,3594.3 mi
79
KY-569521
Gravel · Off grid
544.2Feb 25, 2026$1,046,6001,9232,8522.7 mi
79
KY-709130
Gravel · Power at road
410.0Jul 27, 2026$1,083,7002,6433,0075.9 mi
78
KY-888939
Dirt · Power at road
357.0Feb 13, 2026$756,4002,1192,7403.3 mi
78
KY-538499
Landlocked · Off grid
259.6Aug 27, 2024$488,3001,8813,4993.5 mi
77
KY-937073
Paved · Power at road
92.4Jul 27, 2026$508,7005,5063,5244.0 mi
74
KY-259966
Dirt · Power at road
751.3Mar 18, 2026$1,253,3001,6682,6924.9 mi
72
KY-339023
Landlocked · Full utilities
379.4May 22, 2025$929,4002,4503,4455.7 mi
70
KY-587020
Paved · Power at road
88.9Jan 24, 2026$433,3004,8733,1562.9 mi
70
Show adjustment detail for the top comp
  • Tract size (287.9 ac → 268.95 ac)+2.0%
  • Access (Landlocked → Paved)+73.5%
  • Market time (10 mo)+3.5%

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.