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Cheyenne County, CO · Sold

CO-528420

9781 County Road 228

$2,507,200
$6,250/ac · 401 ac
Acreage401 ac
Price per acre$6,250/ac
ZoningAgricultural
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedJun 12, 2024
Coordinates38.9184, -102.7060
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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

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands15.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,129 ft of deeded road frontage.

Power7,740 ft away

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

Buildable area321.63 of 401.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,339,300
$1,890,165$2,788,436 · $5,832/ac on 401 ac
Asking vs estimate
+7.2%
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 $2,507,200
Maximum allowable offer
$1,336,743
$3,332/ac · +30.0% target margin

You need $1,170,457 off asking to hit this margin.

All-in cost$1,450,366
Net resale$2,152,156
Projected profit$701,790
ROI+48.4%
Annualized+69.2%
Break-even resale$3,930/ac
Profit if resale lands off target
-20%
$271,359
-10%
$486,575
0%
$701,790
+10%
$917,006
+20%
$1,132,221
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-518482
Paved · Off grid
419.6Jul 27, 2026$1,714,7004,0874,15110.6 mi
87
CO-108223
Gravel · Full utilities
347.8Oct 4, 2025$3,029,6008,7117,1159.1 mi
78
CO-878310
Dirt · Full utilities
370.4Apr 12, 2025$2,240,1006,0485,9657.8 mi
78
CO-527378
Dirt · Power at road
188.6Jul 27, 2026$1,042,4005,5285,1992.2 mi
76
CO-567420
Gravel · Power at road
194.4Jul 27, 2026$904,7004,6543,79612.4 mi
75
CO-367895
Dirt · Full utilities
274.2May 1, 2025$1,895,3006,9116,23012.7 mi
65
CO-547872
Gravel · Off grid
269.7Mar 3, 2025$1,581,7005,8646,53615.6 mi
65
CO-879016
Gravel · Power at road
617.7May 22, 2024$3,214,0005,2036,5035.8 mi
65
CO-427849
Dirt · Off grid
265.2May 18, 2024$1,347,9005,0826,76011.2 mi
64
CO-639818
Paved · Off grid
1104.4Dec 3, 2025$5,327,8004,8246,76815.9 mi
64
Show adjustment detail for the top comp
  • Tract size (419.55 ac → 401.13 ac)+1.3%

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.