Comparable sales & offer analysis
Parcel IN-189424
Daviess County, IN · 461 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$3,318,000
Adjusted value
$2,959,127
Value range
$2,386,688–$3,531,566
Comp $/acre
$6,416/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +12.1% versus the adjusted value.
Offer position
Max allowable offer
$1,690,930
Offer $/acre
$3,666/ac
Projected profit
$887,738
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 | 6,146 | 83 |
| IN-139244 | 404.8 | Jan 29, 2026 | $1,968,400 | 4,863 | 5,627 | 79 |
| IN-787270 | 96.9 | Feb 27, 2026 | $935,000 | 9,652 | 8,729 | 61 |
| IN-427543 | 118.1 | Aug 4, 2025 | $723,800 | 6,131 | 7,540 | 58 |
| IN-987543 | 118.1 | Jun 25, 2025 | $1,193,100 | 10,106 | 5,012 | 56 |
| IN-597374 | 104.5 | May 12, 2024 | $811,600 | 7,770 | 5,604 | 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.