Comparable sales & offer analysis
Parcel IN-235928
Boone County, IN · 36.64 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$407,600
Adjusted value
$319,936
Value range
$261,968–$377,905
Comp $/acre
$8,732/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +27.4% versus the adjusted value.
Offer position
Max allowable offer
$182,821
Offer $/acre
$4,990/ac
Projected profit
$95,981
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| IN-455949 | 37.2 | Jul 27, 2026 | $255,300 | 6,860 | 10,196 | 90 |
| IN-995656 | 30.1 | Jul 27, 2026 | $441,900 | 14,685 | 9,976 | 82 |
| IN-805101 | 20.1 | Jul 27, 2026 | $186,300 | 9,253 | 7,236 | 77 |
| IN-366514 | 56.0 | Jul 29, 2025 | $488,200 | 8,714 | 9,925 | 75 |
| IN-575862 | 34.9 | Nov 4, 2024 | $241,200 | 6,906 | 7,313 | 72 |
| IN-734213 | 10.6 | Jul 11, 2026 | $106,900 | 10,106 | 8,605 | 71 |
| IN-336868 | 72.4 | Aug 17, 2025 | $275,400 | 3,803 | 5,714 | 66 |
| IN-527479 | 112.7 | May 30, 2024 | $595,400 | 5,282 | 10,889 | 58 |
| IN-557612 | 124.1 | Feb 19, 2024 | $839,200 | 6,762 | 8,345 | 57 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.