Comparable sales & offer analysis
Parcel IN-189424
Daviess County, IN · 461 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$3,318,000
Adjusted value
$2,974,147
Value range
$2,398,923–$3,549,372
Comp $/acre
$6,449/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +11.6% versus the adjusted value.
Offer position
Max allowable offer
$1,699,513
Offer $/acre
$3,685/ac
Projected profit
$892,244
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-638869 | 308.5 | Jul 27, 2026 | $1,811,500 | 5,872 | 6,180 | 82 |
| IN-139244 | 404.8 | Jan 29, 2026 | $1,968,400 | 4,863 | 5,658 | 78 |
| IN-787270 | 96.9 | Feb 27, 2026 | $935,000 | 9,652 | 8,777 | 60 |
| IN-427543 | 118.1 | Aug 4, 2025 | $723,800 | 6,131 | 7,580 | 57 |
| IN-987543 | 118.1 | Jun 25, 2025 | $1,193,100 | 10,106 | 5,039 | 56 |
| IN-597374 | 104.5 | May 12, 2024 | $811,600 | 7,770 | 5,632 | 51 |
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.