Comparable sales & offer analysis
Parcel IN-605092
Gibson County, IN · 20.00 ac · Mixed Use · Paved · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$392,800
Adjusted value
$304,485
Value range
$241,116–$367,855
Comp $/acre
$15,224/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +29.0% versus the adjusted value.
Offer position
Max allowable offer
$173,992
Offer $/acre
$8,700/ac
Projected profit
$91,346
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-505493 | 26.7 | Jul 27, 2026 | $305,700 | 11,434 | 17,222 | 87 |
| IN-405252 | 22.5 | Jul 27, 2026 | $341,300 | 15,195 | 18,972 | 81 |
| IN-684607 | 14.1 | Sep 3, 2025 | $87,100 | 6,190 | 12,240 | 77 |
| IN-704513 | 13.2 | Nov 23, 2025 | $88,300 | 6,715 | 11,241 | 76 |
| IN-515885 | 35.5 | Sep 13, 2025 | $194,700 | 5,483 | 10,573 | 71 |
| IN-185518 | 27.2 | Jun 29, 2025 | $189,700 | 6,968 | 15,088 | 69 |
| IN-145676 | 30.5 | Dec 19, 2023 | $311,500 | 10,202 | 21,027 | 64 |
| IN-586186 | 44.2 | Aug 6, 2024 | $309,300 | 7,002 | 14,674 | 63 |
| IN-776635 | 61.1 | Oct 8, 2024 | $500,400 | 8,183 | 15,421 | 61 |
| IN-113586 | 6.7 | Jun 21, 2025 | $67,300 | 10,022 | 16,018 | 60 |
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.