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Randolph County, IN · Sold

IN-889655

8067 County Road 197

$1,570,000
$2,880/ac · 545 ac
Acreage545 ac
Price per acre$2,880/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedMar 4, 2025
Coordinates40.1719, -84.9425
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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

5 items to verify before you offer.

Risk index
27
Low risk
Wetlands12.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,418 ft away

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

Buildable area453.20 of 545.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,919,057
$1,552,724$2,285,390 · $3,520/ac on 545 ac
Asking vs estimate
-18.2%
Priced below 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 $1,570,000
Maximum allowable offer
$1,096,604
$2,011/ac · +30.0% target margin

You need $473,396 off asking to hit this margin.

All-in cost$1,189,815
Net resale$1,765,532
Projected profit$575,717
ROI+48.4%
Annualized+69.2%
Break-even resale$2,372/ac
Profit if resale lands off target
-20%
$222,610
-10%
$399,164
0%
$575,717
+10%
$752,270
+20%
$928,823
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-779085
Gravel · Power at road
360.8Jul 28, 2024$1,824,7005,0584,1264.8 mi
69
IN-828868
Landlocked · Full utilities
308.3Jan 20, 2025$1,417,9004,5994,2383.3 mi
67
IN-248806
Gravel · Full utilities
294.8Aug 20, 2024$1,308,1004,4382,7905.5 mi
66
IN-188354
Landlocked · Off grid
212.4Aug 20, 2025$484,8002,2822,6515.3 mi
66
IN-197979
Gravel · Power at road
161.9May 10, 2025$969,0005,9853,7717.0 mi
61
Show adjustment detail for the top comp
  • Tract size (360.77 ac → 545.2 ac)-11.6%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (25 mo)+8.6%

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.