Parke County, IN · Sold

IN-225804

9554 County Road 190

$307,300

$9,173/ac · 33.50 ac

Offer report Market this tract

Acreage33.50 ac

Price per acre$9,173/ac

ZoningMixed Use

Road accessGravel

UtilitiesOff grid

TopographySloped

ListedJul 26, 2024

Coordinates39.8553, -87.2653

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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

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

View Parke market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope21.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,852 ft away

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

Buildable area19.66 of 33.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$257,718

$199,948 – $315,489 · $7,693/ac on 33.50 ac

Asking vs estimate

+19.2%

Priced above the comp set

Weighted from 8 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 $307,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$147,268

$4,396/ac · +30.0% target margin

You need $160,032 off asking to hit this margin.

All-in cost$159,786

Net resale$237,101

Projected profit$77,315

ROI+48.4%

Annualized+69.2%

Break-even resale$5,184/ac

Profit if resale lands off target

-20%

$29,895

-10%

$53,605

$77,315

+10%

$101,025

+20%

$124,735

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-985897 Gravel · Off grid	35.8	Mar 27, 2025	$308,700	8,615	9,223	1.9 mi	87
IN-215911 Dirt · Off grid	36.2	Jul 27, 2026	$207,200	5,724	6,760	4.9 mi	87
IN-415506 Paved · Power at road	27.0	Sep 9, 2025	$198,500	7,354	5,318	2.7 mi	76
IN-516005 Dirt · Power at road	38.8	Sep 21, 2025	$217,900	5,623	5,916	6.5 mi	75
IN-426369 Gravel · Off grid	50.4	Aug 31, 2024	$291,100	5,771	6,736	6.4 mi	75
IN-946347 Gravel · Power at road	49.6	Jul 17, 2024	$407,100	8,202	8,151	11.4 mi	66
IN-407072 Dirt · Power at road	83.9	Apr 9, 2026	$666,200	7,938	9,599	11.5 mi	66
IN-864521 Dirt · Off grid	13.2	Apr 11, 2025	$127,800	9,670	10,504	6.0 mi	64

Show adjustment detail for the top comp

Tract size (35.83 ac → 33.5 ac)+1.2%
Market time (17 mo)+5.8%

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