Ripley County, IN · Sold

IN-949438

9354 County Road 24

$1,458,100

$3,130/ac · 466 ac

Offer report Market this tract

Acreage466 ac

Price per acre$3,130/ac

ZoningAgricultural

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedMay 24, 2025

Coordinates39.0577, -85.2564

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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

4 items to verify before you offer.

Risk index

Low risk

Wetlands18.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,970 ft of deeded road frontage.

Power13,186 ft away

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

Buildable area360.72 of 465.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,919,162

$1,381,797 – $2,456,528 · $4,119/ac on 466 ac

Asking vs estimate

-24.0%

Priced below 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 $1,458,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$1,096,664

$2,354/ac · +30.0% target margin

You need $361,436 off asking to hit this margin.

All-in cost$1,189,880

Net resale$1,765,629

Projected profit$575,749

ROI+48.4%

Annualized+69.2%

Break-even resale$2,776/ac

Profit if resale lands off target

-20%

$222,623

-10%

$399,186

$575,749

+10%

$752,312

+20%

$928,875

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-319998 Landlocked · Off grid	699.0	Jul 27, 2026	$1,142,200	1,634	2,724	2.2 mi	83
IN-448852 Paved · Off grid	304.7	Jul 15, 2026	$1,665,400	5,465	4,099	3.1 mi	81
IN-548759 Gravel · Power at road	284.9	Apr 4, 2026	$2,117,000	7,431	5,546	6.1 mi	81
IN-498890 Gravel · Full utilities	313.2	Jul 27, 2026	$1,319,000	4,211	2,614	6.6 mi	80
IN-439245 Landlocked · Off grid	405.1	Sep 14, 2024	$1,478,200	3,649	5,561	3.8 mi	79
IN-999443 Dirt · Off grid	467.6	Jul 15, 2024	$2,425,800	5,188	6,568	3.5 mi	77
IN-989589 Landlocked · Off grid	519.8	Feb 11, 2025	$1,446,200	2,782	4,497	3.6 mi	77
IN-308505 Landlocked · Power at road	237.0	Nov 12, 2025	$684,100	2,887	3,054	1.7 mi	76
IN-509088 Gravel · Off grid	361.6	Jan 7, 2024	$1,231,300	3,406	3,504	1.4 mi	75
IN-578355 Dirt · Off grid	212.6	May 22, 2024	$623,000	2,930	2,965	0.9 mi	70

Show adjustment detail for the top comp

Tract size (698.99 ac → 465.89 ac)+13.1%
Access (Landlocked → Gravel)+47.1%

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.

Build the listing kit Post a deal or JV