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Cheyenne County, CO · Sold

CO-639818

8828 County Road 3

$6,238,600
$5,649/ac · 1,104 ac
Acreage1,104 ac
Price per acre$5,649/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedNov 8, 2025
Coordinates38.7565, -102.4948
Loading terrain…
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

2 items to verify before you offer.

Risk index
13
Low risk
Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3,540 ft away

Service extension needed; get a utility quote.

Buildable area1026.06 of 1104.36 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,892,522
$3,971,733$5,813,312 · $4,430/ac on 1,104 ac
Asking vs estimate
+27.5%
Priced above the comp set

Weighted from 5 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 $6,238,600
Maximum allowable offer
$2,795,727
$2,532/ac · +30.0% target margin

You need $3,442,873 off asking to hit this margin.

All-in cost$3,033,364
Net resale$4,501,120
Projected profit$1,467,757
ROI+48.4%
Annualized+69.2%
Break-even resale$2,986/ac
Profit if resale lands off target
-20%
$567,533
-10%
$1,017,645
0%
$1,467,757
+10%
$1,917,869
+20%
$2,367,981
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-518482
Paved · Off grid
419.6Jul 27, 2026$1,714,7004,0873,04612.7 mi
76
CO-108223
Gravel · Full utilities
347.8Oct 4, 2025$3,029,6008,7115,2206.8 mi
62
CO-879016
Gravel · Power at road
617.7May 22, 2024$3,214,0005,2034,77111.3 mi
60
CO-878310
Dirt · Full utilities
370.4Apr 12, 2025$2,240,1006,0484,3778.4 mi
59
CO-528420
Paved · Off grid
401.1Oct 1, 2024$2,589,9006,4575,11015.9 mi
58
Show adjustment detail for the top comp
  • Tract size (419.55 ac → 1104.36 ac)-25.6%

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.