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Cheyenne County, CO · Sold

CO-631585

5097 County Road 28

$35,800
$12,606/ac · 2.84 ac
Acreage2.84 ac
Price per acre$12,606/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedMar 22, 2026
Coordinates38.7835, -102.5462
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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

1 item to verify before you offer.

Risk index
31
Moderate risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area2.65 of 2.84 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$36,372
$30,640$42,105 · $12,807/ac on 2.84 ac
Asking vs estimate
-1.6%
In line with the comp set

Weighted from 9 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 $35,800
Maximum allowable offer
$20,784
$7,318/ac · +30.0% target margin

You need $15,016 off asking to hit this margin.

All-in cost$22,551
Net resale$33,462
Projected profit$10,912
ROI+48.4%
Annualized+69.3%
Break-even resale$8,631/ac
Profit if resale lands off target
-20%
$4,219
-10%
$7,566
0%
$10,912
+10%
$14,258
+20%
$17,604
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-641412
Gravel · Off grid
2.5Jul 27, 2026$39,80015,93015,5306.3 mi
88
CO-900549
Gravel · Off grid
1.3Jul 27, 2026$19,90014,83014,2904.5 mi
74
CO-672932
Paved · Power at road
7.5Jul 27, 2026$106,20014,09710,3664.2 mi
72
CO-423101
Dirt · Power at road
8.5Apr 1, 2024$103,00012,10413,5123.5 mi
63
CO-250740
Gravel · Off grid
1.5Aug 20, 2024$16,80010,93711,4177.9 mi
62
CO-393156
Gravel · Power at road
8.8Apr 6, 2025$113,90012,86611,9075.2 mi
60
CO-433039
Dirt · Full utilities
8.1Jul 29, 2024$117,70014,47613,0395.8 mi
60
CO-380274
Dirt · Power at road
1.1Dec 6, 2023$15,40013,97514,7483.5 mi
59
CO-442702
Paved · Off grid
6.4Jul 18, 2024$62,8009,8539,15512.8 mi
56
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.