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Cheyenne County, CO · Sold

CO-923950

8073 County Road 248

$191,600
$12,173/ac · 15.74 ac
Acreage15.74 ac
Price per acre$12,173/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedMay 18, 2025
Coordinates38.9112, -102.6389
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

No material red flags on the mapped layers.

Risk index
6
Low risk
Wetlands4.7% of tract

Little to no mapped wetland coverage.

Average slope6.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

829 ft of deeded road frontage.

Power214 ft away

Power at or near the road.

Buildable area14.25 of 15.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$196,082
$165,154$227,010 · $12,458/ac on 15.74 ac
Asking vs estimate
-2.3%
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 $191,600
Maximum allowable offer
$112,047
$7,119/ac · +30.0% target margin

You need $79,553 off asking to hit this margin.

All-in cost$121,571
Net resale$180,396
Projected profit$58,825
ROI+48.4%
Annualized+69.2%
Break-even resale$8,395/ac
Profit if resale lands off target
-20%
$22,745
-10%
$40,785
0%
$58,825
+10%
$76,864
+20%
$94,904
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-603971
Dirt · Off grid
16.0Mar 30, 2026$118,9007,43910,3568.8 mi
85
CO-183515
Gravel · Full utilities
11.5Jul 27, 2026$172,00014,98511,9312.4 mi
85
CO-613717
Landlocked · Off grid
13.3Jun 15, 2026$125,2009,42116,1275.8 mi
82
CO-254799
Dirt · Power at road
29.1Jul 27, 2026$289,9009,95912,5997.2 mi
76
CO-434667
Paved · Power at road
26.5Dec 4, 2024$384,10014,51514,0963.2 mi
74
CO-672932
Paved · Power at road
7.5Jul 27, 2026$106,20014,09711,2398.9 mi
74
CO-393156
Gravel · Power at road
8.8Apr 6, 2025$113,90012,86612,90910.0 mi
68
CO-245630
Landlocked · Power at road
53.1Sep 15, 2025$315,0005,92610,9571.2 mi
67
CO-423101
Dirt · Power at road
8.5Apr 1, 2024$103,00012,10414,64913.6 mi
65
CO-825651
Dirt · Power at road
54.0Oct 18, 2025$350,2006,4889,4814.5 mi
65
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (5 mo)+1.6%

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.