Comparable sales & offer analysis
Parcel IN-218777
Gibson County, IN · 289 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,643,000
Adjusted value
$1,367,815
Value range
$1,115,166–$1,620,464
Comp $/acre
$4,739/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +20.1% versus the adjusted value.
Offer position
Max allowable offer
$781,609
Offer $/acre
$2,708/ac
Projected profit
$410,344
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-178650 | 263.3 | Feb 5, 2025 | $1,462,400 | 5,555 | 5,689 | 75 |
| IN-687376 | 104.6 | Jan 9, 2026 | $531,400 | 5,079 | 3,952 | 74 |
| IN-318063 | 172.1 | Aug 29, 2025 | $804,300 | 4,674 | 5,255 | 72 |
| IN-697854 | 147.9 | Jun 17, 2026 | $624,800 | 4,225 | 3,489 | 72 |
| IN-617581 | 121.3 | Aug 1, 2025 | $432,600 | 3,565 | 4,311 | 70 |
| IN-587813 | 143.6 | Apr 12, 2025 | $647,600 | 4,511 | 5,770 | 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.