Ripley County, IN · Sold

IN-844354

8973 County Road 298

$104,700

$8,933/ac · 11.72 ac

Offer report Market this tract

Acreage11.72 ac

Price per acre$8,933/ac

ZoningUnzoned

Road accessLandlocked

UtilitiesPower at road

TopographyFlat

ListedSep 14, 2024

Coordinates39.1640, -85.3615

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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

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

View Ripley market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands5.6% of tract

Little to no mapped wetland coverage.

Average slope1.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power118 ft away

Power at or near the road.

Buildable area10.51 of 11.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$92,063

$67,468 – $116,658 · $7,855/ac on 11.72 ac

Asking vs estimate

+13.7%

Priced above the comp set

Weighted from 10 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 $104,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$52,607

$4,489/ac · +30.0% target margin

You need $52,093 off asking to hit this margin.

All-in cost$57,079

Net resale$84,698

Projected profit$27,619

ROI+48.4%

Annualized+69.3%

Break-even resale$5,294/ac

Profit if resale lands off target

-20%

$10,679

-10%

$19,149

$27,619

+10%

$36,089

+20%

$44,559

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-714371 Dirt · Power at road	11.9	Jul 27, 2026	$132,000	11,128	8,828	9.3 mi	85
IN-675681 Gravel · Power at road	30.6	Nov 3, 2025	$197,200	6,437	5,096	4.2 mi	72
IN-475607 Landlocked · Off grid	29.0	Jul 27, 2026	$101,200	3,484	4,591	9.8 mi	72
IN-993894 Paved · Off grid	8.4	Jan 11, 2025	$81,500	9,708	6,838	2.8 mi	71
IN-395311 Dirt · Power at road	23.4	Mar 3, 2026	$165,900	7,079	6,174	10.9 mi	70
IN-715117 Dirt · Off grid	20.4	Oct 12, 2025	$179,500	8,814	9,016	5.5 mi	70
IN-163931 Dirt · Full utilities	8.6	Sep 20, 2025	$139,300	16,155	10,602	11.7 mi	69
IN-726070 Landlocked · Power at road	40.6	Jul 6, 2026	$248,600	6,121	7,277	10.6 mi	69
IN-175437 Gravel · Power at road	25.7	Dec 9, 2025	$303,800	11,829	9,075	6.7 mi	69
IN-494488 Gravel · Off grid	12.9	Nov 4, 2023	$159,700	12,368	11,150	8.9 mi	68

Show adjustment detail for the top comp

Access (Dirt → Landlocked)-20.9%

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