Comparable sales & offer analysis
Parcel IN-515885
Gibson County, IN · 35.52 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$227,500
Adjusted value
$299,356
Value range
$242,663–$356,050
Comp $/acre
$8,428/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -24.0% versus the adjusted value.
Offer position
Max allowable offer
$171,061
Offer $/acre
$4,816/ac
Projected profit
$89,807
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 | 9,274 | 82 |
| IN-605092 | 20.0 | Jul 27, 2026 | $351,900 | 17,597 | 9,550 | 79 |
| IN-586186 | 44.2 | Aug 6, 2024 | $309,300 | 7,002 | 7,905 | 77 |
| IN-405252 | 22.5 | Jul 27, 2026 | $341,300 | 15,195 | 10,216 | 75 |
| IN-185518 | 27.2 | Jun 29, 2025 | $189,700 | 6,968 | 8,127 | 73 |
| IN-704513 | 13.2 | Nov 23, 2025 | $88,300 | 6,715 | 6,054 | 69 |
| IN-684607 | 14.1 | Sep 3, 2025 | $87,100 | 6,190 | 6,593 | 69 |
| IN-687376 | 104.6 | Jan 9, 2026 | $531,400 | 5,079 | 6,556 | 68 |
| IN-776635 | 61.1 | Oct 8, 2024 | $500,400 | 8,183 | 8,307 | 67 |
| IN-145676 | 30.5 | Dec 19, 2023 | $311,500 | 10,202 | 11,330 | 67 |
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.