Comparable sales & offer analysis
Parcel IN-318063
Gibson County, IN · 172 ac · Recreational · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$908,800
Adjusted value
$842,996
Value range
$654,303–$1,031,689
Comp $/acre
$4,899/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.8% versus the adjusted value.
Offer position
Max allowable offer
$481,712
Offer $/acre
$2,800/ac
Projected profit
$252,899
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 | 3,247 | 81 |
| IN-218777 | 288.6 | Jul 27, 2026 | $1,721,900 | 5,966 | 5,565 | 78 |
| IN-617581 | 121.3 | Aug 1, 2025 | $432,600 | 3,565 | 4,012 | 78 |
| IN-687376 | 104.6 | Jan 9, 2026 | $531,400 | 5,079 | 3,678 | 76 |
| IN-587813 | 143.6 | Apr 12, 2025 | $647,600 | 4,511 | 5,369 | 75 |
| IN-178650 | 263.3 | Feb 5, 2025 | $1,462,400 | 5,555 | 5,293 | 67 |
| IN-166902 | 74.2 | Sep 3, 2024 | $527,300 | 7,106 | 6,252 | 64 |
| IN-596994 | 79.3 | Jun 20, 2024 | $587,000 | 7,400 | 6,664 | 63 |
| IN-776635 | 61.1 | Oct 8, 2024 | $500,400 | 8,183 | 4,659 | 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.