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Cheyenne County, CO · Sold

CO-547872

1191 County Road 208

$1,661,400
$6,160/ac · 270 ac
Acreage270 ac
Price per acre$6,160/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedFeb 15, 2025
Coordinates38.7879, -102.4698
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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
17
Low risk
Wetlands10.3% of tract

Little to no mapped wetland coverage.

Average slope0.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,245 ft of deeded road frontage.

Power6,452 ft away

A long utility run — price in solar/off-grid instead.

Buildable area229.82 of 269.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,485,581
$1,199,917$1,771,246 · $5,508/ac on 270 ac
Asking vs estimate
+11.8%
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 $1,661,400
Maximum allowable offer
$848,904
$3,148/ac · +30.0% target margin

You need $812,496 off asking to hit this margin.

All-in cost$921,061
Net resale$1,366,735
Projected profit$445,674
ROI+48.4%
Annualized+69.2%
Break-even resale$3,712/ac
Profit if resale lands off target
-20%
$172,327
-10%
$309,001
0%
$445,674
+10%
$582,348
+20%
$719,021
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-567420
Gravel · Power at road
194.4Jul 27, 2026$904,7004,6543,6148.0 mi
81
CO-108223
Gravel · Full utilities
347.8Oct 4, 2025$3,029,6008,7116,7736.8 mi
76
CO-367895
Dirt · Full utilities
274.2May 1, 2025$1,895,3006,9115,9316.9 mi
75
CO-427849
Dirt · Off grid
265.2May 18, 2024$1,347,9005,0826,4354.5 mi
75
CO-518482
Paved · Off grid
419.6Jul 27, 2026$1,714,7004,0873,95214.1 mi
75
CO-527378
Dirt · Power at road
188.6Jul 27, 2026$1,042,4005,5284,95013.4 mi
75
CO-878310
Dirt · Full utilities
370.4Apr 12, 2025$2,240,1006,0485,6797.8 mi
69
CO-876627
Dirt · Off grid
109.4Mar 18, 2025$607,9005,5555,3564.9 mi
69
CO-528420
Paved · Off grid
401.1Oct 1, 2024$2,589,9006,4576,63015.6 mi
63
CO-879016
Gravel · Power at road
617.7May 22, 2024$3,214,0005,2036,19110.3 mi
60
Show adjustment detail for the top comp
  • Tract size (194.39 ac → 269.7 ac)-8.8%
  • Utilities (Power at road → Off grid)-15.0%

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.