Randolph County, IN · Sold

IN-584046

323 County Road 223

$51,900

$5,539/ac · 9.37 ac

Offer report Market this tract

Acreage9.37 ac

Price per acre$5,539/ac

ZoningUnzoned

Road accessDirt

UtilitiesOff grid

TopographyFlat

ListedMar 29, 2025

Coordinates40.1526, -84.9199

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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

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

View Randolph market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands28.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.5%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

644 ft of deeded road frontage.

Power1,804 ft away

Service extension needed; get a utility quote.

Buildable area6.38 of 9.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$65,792

$58,904 – $72,679 · $7,022/ac on 9.37 ac

Asking vs estimate

-21.1%

Priced below the comp set

Weighted from 9 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 $51,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$37,595

$4,012/ac · +30.0% target margin

You need $14,305 off asking to hit this margin.

All-in cost$40,791

Net resale$60,528

Projected profit$19,738

ROI+48.4%

Annualized+69.3%

Break-even resale$4,732/ac

Profit if resale lands off target

-20%

$7,632

-10%

$13,685

$19,738

+10%

$25,790

+20%

$31,843

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-504440 Gravel · Off grid	12.5	Jul 27, 2026	$86,900	6,972	6,157	2.8 mi	89
IN-693780 Gravel · Power at road	7.7	Jun 14, 2026	$62,500	8,080	5,868	5.3 mi	81
IN-923566 Dirt · Off grid	6.6	Dec 31, 2025	$45,800	6,926	6,944	7.3 mi	78
IN-953265 Dirt · Off grid	5.3	Jul 12, 2025	$41,600	7,812	7,892	4.1 mi	74
IN-603660 Dirt · Power at road	7.1	Sep 28, 2024	$57,100	8,053	7,246	4.4 mi	72
IN-355168 Paved · Power at road	21.1	Jul 27, 2026	$209,800	9,927	6,701	7.8 mi	71
IN-734154 Gravel · Off grid	10.1	Sep 29, 2024	$89,700	8,850	8,262	11.2 mi	71
IN-603579 Dirt · Power at road	6.7	Feb 7, 2024	$53,800	8,057	7,404	6.9 mi	68
IN-542969 Landlocked · Full utilities	4.3	Sep 6, 2025	$34,800	8,091	7,091	6.1 mi	66

Show adjustment detail for the top comp

Tract size (12.47 ac → 9.37 ac)+2.5%
Access (Gravel → Dirt)-14.0%

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.

Build the listing kit Post a deal or JV