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Cheyenne County, CO · Sold

CO-423101

2824 County Road 114

$111,600
$13,114/ac · 8.51 ac
Acreage8.51 ac
Price per acre$13,114/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedMar 8, 2024
Coordinates38.7456, -102.5035
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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

2 items to verify before you offer.

Risk index
23
Low risk
Wetlands10.0% of tract

Little to no mapped wetland coverage.

Average slope7.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power106 ft away

Power at or near the road.

Buildable area7.28 of 8.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$100,484
$85,007$115,961 · $11,808/ac on 8.51 ac
Asking vs estimate
+11.1%
Priced above 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 $111,600
Maximum allowable offer
$57,419
$6,747/ac · +30.0% target margin

You need $54,181 off asking to hit this margin.

All-in cost$62,300
Net resale$92,445
Projected profit$30,146
ROI+48.4%
Annualized+69.3%
Break-even resale$7,957/ac
Profit if resale lands off target
-20%
$11,657
-10%
$20,901
0%
$30,146
+10%
$39,390
+20%
$48,635
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-672932
Paved · Power at road
7.5Jul 27, 2026$106,20014,09710,2126.2 mi
85
CO-393156
Gravel · Power at road
8.8Apr 6, 2025$113,90012,86611,7306.5 mi
77
CO-183515
Gravel · Full utilities
11.5Jul 27, 2026$172,00014,98510,84112.1 mi
76
CO-603971
Dirt · Off grid
16.0Mar 30, 2026$118,9007,4399,41010.3 mi
76
CO-631585
Landlocked · Full utilities
2.8Jul 27, 2026$29,50010,37410,2433.5 mi
76
CO-613717
Landlocked · Off grid
13.3Jun 15, 2026$125,2009,42114,6547.8 mi
76
CO-433039
Dirt · Full utilities
8.1Jul 29, 2024$117,70014,47612,8458.9 mi
73
CO-923950
Gravel · Power at road
15.7Nov 28, 2025$198,70012,62311,81413.6 mi
72
CO-641412
Gravel · Off grid
2.5Jul 27, 2026$39,80015,93015,2998.8 mi
72
CO-254799
Dirt · Power at road
29.1Jul 27, 2026$289,9009,95911,44813.4 mi
69
Show adjustment detail for the top comp
  • Tract size (7.53 ac → 8.51 ac)-0.8%
  • Access (Paved → Dirt)-27.1%

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.