Comparable sales & offer analysis
Parcel IN-587813
Gibson County, IN · 144 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$700,100
Adjusted value
$616,485
Value range
$480,157–$752,812
Comp $/acre
$4,294/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +13.6% versus the adjusted value.
Offer position
Max allowable offer
$352,277
Offer $/acre
$2,454/ac
Projected profit
$184,945
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-697854 | 147.9 | Jun 17, 2026 | $624,800 | 4,225 | 2,898 | 89 |
| IN-617581 | 121.3 | Aug 1, 2025 | $432,600 | 3,565 | 3,580 | 81 |
| IN-318063 | 172.1 | Aug 29, 2025 | $804,300 | 4,674 | 4,363 | 76 |
| IN-218777 | 288.6 | Jul 27, 2026 | $1,721,900 | 5,966 | 4,966 | 75 |
| IN-687376 | 104.6 | Jan 9, 2026 | $531,400 | 5,079 | 3,282 | 74 |
| IN-596994 | 79.3 | Jun 20, 2024 | $587,000 | 7,400 | 5,947 | 71 |
| IN-166902 | 74.2 | Sep 3, 2024 | $527,300 | 7,106 | 5,579 | 67 |
| IN-178650 | 263.3 | Feb 5, 2025 | $1,462,400 | 5,555 | 4,723 | 64 |
| IN-776635 | 61.1 | Oct 8, 2024 | $500,400 | 8,183 | 4,158 | 62 |
| IN-586186 | 44.2 | Aug 6, 2024 | $309,300 | 7,002 | 3,956 | 61 |
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.