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Cheyenne County, CO · Sold

CO-878310

5836 County Road 321

$2,528,300
$6,826/ac · 370 ac
Acreage370 ac
Price per acre$6,826/ac
ZoningAgricultural
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedAug 8, 2024
Coordinates38.8556, -102.5859
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
10
Low risk
Wetlands9.9% of tract

Little to no mapped wetland coverage.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,764 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area317.04 of 370.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,366,525
$1,905,326$2,827,724 · $6,389/ac on 370 ac
Asking vs estimate
+6.8%
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 $2,528,300
Maximum allowable offer
$1,352,300
$3,651/ac · +30.0% target margin

You need $1,176,000 off asking to hit this margin.

All-in cost$1,467,246
Net resale$2,177,203
Projected profit$709,957
ROI+48.4%
Annualized+69.2%
Break-even resale$4,306/ac
Profit if resale lands off target
-20%
$274,517
-10%
$492,237
0%
$709,957
+10%
$927,678
+20%
$1,145,398
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-108223
Gravel · Full utilities
347.8Oct 4, 2025$3,029,6008,7117,6202.2 mi
86
CO-518482
Paved · Off grid
419.6Jul 27, 2026$1,714,7004,0874,4469.9 mi
81
CO-567420
Gravel · Power at road
194.4Jul 27, 2026$904,7004,6544,0666.8 mi
79
CO-527378
Dirt · Power at road
188.6Jul 27, 2026$1,042,4005,5285,5695.6 mi
77
CO-528420
Paved · Off grid
401.1Oct 1, 2024$2,589,9006,4577,4607.8 mi
76
CO-367895
Dirt · Full utilities
274.2May 1, 2025$1,895,3006,9116,6736.8 mi
75
CO-427849
Dirt · Off grid
265.2May 18, 2024$1,347,9005,0827,2403.5 mi
71
CO-547872
Gravel · Off grid
269.7Mar 3, 2025$1,581,7005,8647,0017.8 mi
68
CO-879016
Gravel · Power at road
617.7May 22, 2024$3,214,0005,2036,9653.0 mi
66
CO-639818
Paved · Off grid
1104.4Dec 3, 2025$5,327,8004,8247,2498.4 mi
62
Show adjustment detail for the top comp
  • Tract size (347.78 ac → 370.4 ac)-1.8%
  • Access (Gravel → Dirt)-14.0%
  • Market time (10 mo)+3.6%

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.