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Parke County, IN · Sold

IN-893880

4685 County Road 268

$73,000
$8,785/ac · 8.31 ac
Acreage8.31 ac
Price per acre$8,785/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedFeb 17, 2024
Coordinates39.7609, -87.2455
Loading terrain…
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

3 items to verify before you offer.

Risk index
20
Low risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope21.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

355 ft of deeded road frontage.

Power1,804 ft away

Service extension needed; get a utility quote.

Buildable area4.93 of 8.31 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$70,068
$53,015$87,122 · $8,432/ac on 8.31 ac
Asking vs estimate
+4.2%
In line with 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 $73,000
Maximum allowable offer
$40,039
$4,818/ac · +30.0% target margin

You need $32,961 off asking to hit this margin.

All-in cost$43,442
Net resale$64,463
Projected profit$21,021
ROI+48.4%
Annualized+69.3%
Break-even resale$5,682/ac
Profit if resale lands off target
-20%
$8,128
-10%
$14,574
0%
$21,021
+10%
$27,467
+20%
$33,913
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-803474
Dirt · Power at road
6.2Jul 27, 2026$58,4009,4319,1743.8 mi
86
IN-593481
Gravel · Full utilities
6.2Jul 20, 2026$77,50012,4648,5553.0 mi
84
IN-423258
Landlocked · Off grid
5.3Jul 27, 2026$27,1005,1087,3331.8 mi
83
IN-864521
Dirt · Off grid
13.2Apr 11, 2025$127,8009,67012,3470.9 mi
73
IN-302472
Gravel · Power at road
3.0Jul 27, 2026$39,00013,00710,5635.4 mi
73
IN-223206
Gravel · Power at road
5.1Jun 19, 2025$37,0007,2506,2845.1 mi
72
IN-512334
Dirt · Off grid
2.7Jun 28, 2025$14,8005,4586,3213.3 mi
65
IN-415506
Paved · Power at road
27.0Sep 9, 2025$198,5007,3546,2514.7 mi
62
Show adjustment detail for the top comp
  • Tract size (6.19 ac → 8.31 ac)-1.8%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%

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.