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Randolph County, IN · Sold

IN-110933

7889 County Road 228

$9,500
$9,694/ac · 0.98 ac
Acreage0.98 ac
Price per acre$9,694/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedFeb 13, 2024
Coordinates40.2349, -85.1015
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

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
29
Low risk
Wetlands6.7% of tract

Little to no mapped wetland coverage.

Average slope15.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,338 ft away

Service extension needed; get a utility quote.

Buildable area0.73 of 0.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,610
$5,962$7,258 · $6,745/ac on 0.98 ac
Asking vs estimate
+43.7%
Priced above the comp set

Weighted from 5 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 $9,500
Maximum allowable offer
$3,777
$3,854/ac · +30.0% target margin

You need $5,723 off asking to hit this margin.

All-in cost$4,098
Net resale$6,081
Projected profit$1,983
ROI+48.4%
Annualized+69.2%
Break-even resale$4,545/ac
Profit if resale lands off target
-20%
$767
-10%
$1,375
0%
$1,983
+10%
$2,591
+20%
$3,199
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-891563
Paved · Off grid
1.6Jul 27, 2026$12,3007,9155,8154.3 mi
85
IN-751054
Paved · Off grid
1.1Apr 10, 2025$10,0009,3547,21110.6 mi
73
IN-581155
Landlocked · Power at road
1.1Apr 30, 2025$6,6005,7226,49812.0 mi
70
IN-822259
Gravel · Power at road
2.6Apr 16, 2026$22,9008,9236,7217.7 mi
67
IN-170344
Dirt · Power at road
0.6Feb 6, 2024$5,3008,2667,74413.1 mi
64
Show adjustment detail for the top comp
  • Tract size (1.55 ac → 0.98 ac)+0.6%
  • Access (Paved → Dirt)-27.1%

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.