Comparable sales & offer analysis
Parcel IN-638869
Daviess County, IN · 309 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,875,300
Adjusted value
$1,981,803
Value range
$1,588,815–$2,374,791
Comp $/acre
$6,424/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -5.4% versus the adjusted value.
Offer position
Max allowable offer
$1,132,459
Offer $/acre
$3,671/ac
Projected profit
$594,541
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-139244 | 404.8 | Jan 29, 2026 | $1,968,400 | 4,863 | 5,389 | 84 |
| IN-189424 | 461.2 | Aug 21, 2025 | $3,374,400 | 7,317 | 7,296 | 76 |
| IN-427543 | 118.1 | Aug 4, 2025 | $723,800 | 6,131 | 7,220 | 69 |
| IN-787270 | 96.9 | Feb 27, 2026 | $935,000 | 9,652 | 8,358 | 68 |
| IN-987543 | 118.1 | Jun 25, 2025 | $1,193,100 | 10,106 | 4,799 | 64 |
| IN-597374 | 104.5 | May 12, 2024 | $811,600 | 7,770 | 5,366 | 59 |
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.