Comparable sales & offer analysis
Parcel IN-460238
Boone County, IN · 0.59 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$11,900
Adjusted value
$9,050
Value range
$8,326–$9,774
Comp $/acre
$15,339/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +31.5% versus the adjusted value.
Offer position
Max allowable offer
$5,172
Offer $/acre
$8,765/ac
Projected profit
$2,715
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-360347 | 0.6 | Jul 3, 2026 | $12,500 | 19,467 | 16,681 | 85 |
| IN-731212 | 1.2 | Jul 6, 2025 | $17,700 | 14,775 | 15,646 | 73 |
| IN-171538 | 1.5 | Feb 3, 2026 | $19,200 | 12,643 | 15,256 | 70 |
| IN-111686 | 1.7 | Jul 20, 2026 | $16,400 | 9,618 | 13,423 | 68 |
| IN-711615 | 1.6 | Jun 21, 2024 | $18,500 | 11,492 | 15,343 | 58 |
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.