Ripley County, IN · Sold

IN-993894

9602 County Road 387

$86,200

$10,262/ac · 8.40 ac

Offer report Market this tract

Acreage8.40 ac

Price per acre$10,262/ac

ZoningMixed Use

Road accessPaved

UtilitiesOff grid

TopographyMixed

ListedJun 12, 2024

Coordinates39.1586, -85.3090

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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

Wetlands6.7% of tract

Little to no mapped wetland coverage.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

475 ft of deeded road frontage.

Power4,030 ft away

Service extension needed; get a utility quote.

Buildable area7.45 of 8.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$109,149

$83,669 – $134,630 · $12,994/ac on 8.40 ac

Asking vs estimate

-21.0%

Priced below 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 $86,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$62,371

$7,425/ac · +30.0% target margin

You need $23,829 off asking to hit this margin.

All-in cost$67,673

Net resale$100,417

Projected profit$32,745

ROI+48.4%

Annualized+69.2%

Break-even resale$8,757/ac

Profit if resale lands off target

-20%

$12,661

-10%

$22,703

$32,745

+10%

$42,787

+20%

$52,828

Comparable sales8 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	13,371	6.5 mi	79
IN-163931 Dirt · Full utilities	8.6	Sep 20, 2025	$139,300	16,155	16,059	9.7 mi	76
IN-715117 Dirt · Off grid	20.4	Oct 12, 2025	$179,500	8,814	13,657	4.0 mi	73
IN-844354 Landlocked · Power at road	11.7	Mar 3, 2025	$98,900	8,442	13,568	2.8 mi	71
IN-475607 Landlocked · Off grid	29.0	Jul 27, 2026	$101,200	3,484	6,954	7.1 mi	69
IN-175437 Gravel · Power at road	25.7	Dec 9, 2025	$303,800	11,829	13,746	3.9 mi	65
IN-395311 Dirt · Power at road	23.4	Mar 3, 2026	$165,900	7,079	9,352	8.1 mi	65
IN-494488 Gravel · Off grid	12.9	Nov 4, 2023	$159,700	12,368	16,889	7.0 mi	65

Show adjustment detail for the top comp

Tract size (11.86 ac → 8.4 ac)+2.8%
Access (Dirt → Paved)+37.2%
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.

Build the listing kit Post a deal or JV