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Cheyenne County, CO · Sold

CO-879016

1616 County Road 93

$3,135,600
$5,076/ac · 618 ac
Acreage618 ac
Price per acre$5,076/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedJan 28, 2024
Coordinates38.8969, -102.6017
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Cheyenne County, Colorado. Front Range spillover and San Luis Valley off-grid lots moving fast.

View Cheyenne market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
24
Low risk
Wetlands21.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

2,614 ft of deeded road frontage.

Power93 ft away

Power at or near the road.

Buildable area458.32 of 617.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,186,620
$2,564,805$3,808,435 · $5,159/ac on 618 ac
Asking vs estimate
-1.6%
In line with the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $3,135,600
Maximum allowable offer
$1,820,926
$2,948/ac · +30.0% target margin

You need $1,314,674 off asking to hit this margin.

All-in cost$1,975,705
Net resale$2,931,690
Projected profit$955,986
ROI+48.4%
Annualized+69.2%
Break-even resale$3,477/ac
Profit if resale lands off target
-20%
$369,648
-10%
$662,817
0%
$955,986
+10%
$1,249,155
+20%
$1,542,324
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-518482
Paved · Off grid
419.6Jul 27, 2026$1,714,7004,0873,63311.3 mi
75
CO-567420
Gravel · Power at road
194.4Jul 27, 2026$904,7004,6543,3226.8 mi
73
CO-108223
Gravel · Full utilities
347.8Oct 4, 2025$3,029,6008,7116,2275.1 mi
72
CO-527378
Dirt · Power at road
188.6Jul 27, 2026$1,042,4005,5284,5503.7 mi
72
CO-878310
Dirt · Full utilities
370.4Apr 12, 2025$2,240,1006,0485,2213.0 mi
69
CO-639818
Paved · Off grid
1104.4Dec 3, 2025$5,327,8004,8245,92411.3 mi
67
CO-528420
Paved · Off grid
401.1Oct 1, 2024$2,589,9006,4576,0965.8 mi
66
CO-547872
Gravel · Off grid
269.7Mar 3, 2025$1,581,7005,8645,72110.3 mi
63
CO-367895
Dirt · Full utilities
274.2May 1, 2025$1,895,3006,9115,4539.6 mi
61
CO-427849
Dirt · Off grid
265.2May 18, 2024$1,347,9005,0825,9166.3 mi
59
Show adjustment detail for the top comp
  • Tract size (419.55 ac → 617.72 ac)-11.0%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Power at road)+17.6%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.