Lawrence County, IN · Sold

IN-505088

9454 County Road 168

$231,500

$11,610/ac · 19.94 ac

Offer report Market this tract

Acreage19.94 ac

Price per acre$11,610/ac

ZoningMixed Use

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedDec 17, 2024

Coordinates38.8408, -86.5440

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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

Lawrence County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Lawrence market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands30.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

947 ft of deeded road frontage.

Power14,334 ft away

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

Buildable area13.18 of 19.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$200,238

$170,639 – $229,836 · $10,042/ac on 19.94 ac

Asking vs estimate

+15.6%

Priced above the comp set

Weighted from 7 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 $231,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$114,421

$5,738/ac · +30.0% target margin

You need $117,079 off asking to hit this margin.

All-in cost$124,147

Net resale$184,219

Projected profit$60,072

ROI+48.4%

Annualized+69.3%

Break-even resale$6,767/ac

Profit if resale lands off target

-20%

$23,228

-10%

$41,650

$60,072

+10%

$78,494

+20%

$96,915

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-366413 Dirt · Full utilities	52.1	Jul 27, 2026	$477,800	9,175	8,733	2.5 mi	78
IN-704664 Gravel · Full utilities	14.7	Aug 24, 2024	$257,500	17,550	12,778	6.0 mi	75
IN-255669 Dirt · Power at road	30.4	Jun 27, 2025	$295,900	9,744	10,721	5.1 mi	75
IN-126509 Paved · Off grid	55.8	Jul 27, 2026	$473,900	8,491	8,575	6.1 mi	72
IN-885991 Landlocked · Power at road	38.4	Aug 23, 2025	$224,500	5,853	8,422	4.9 mi	68
IN-703527 Gravel · Off grid	6.4	Jan 5, 2025	$68,900	10,693	10,321	2.6 mi	66
IN-434126 Dirt · Full utilities	9.9	Nov 28, 2024	$131,600	13,251	10,713	4.4 mi	64

Show adjustment detail for the top comp

Tract size (52.07 ac → 19.94 ac)+17.2%
Access (Dirt → Gravel)+16.3%
Utilities (Full utilities → Off grid)-30.3%

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