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Cheyenne County, CO · Sold

CO-518482

4912 County Road 217

$2,022,000
$4,819/ac · 420 ac
Acreage420 ac
Price per acre$4,819/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedJun 18, 2026
Coordinates38.7666, -102.7296
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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
41
Moderate risk
Wetlands2.3% of tract

Little to no mapped wetland coverage.

Average slope29.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,488 ft away

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

Buildable area245.94 of 419.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,560,431
$2,165,621$2,955,241 · $6,103/ac on 420 ac
Asking vs estimate
-21.0%
Priced below 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 $2,022,000
Maximum allowable offer
$1,463,103
$3,487/ac · +30.0% target margin

You need $558,897 off asking to hit this margin.

All-in cost$1,587,467
Net resale$2,355,596
Projected profit$768,130
ROI+48.4%
Annualized+69.2%
Break-even resale$4,113/ac
Profit if resale lands off target
-20%
$297,010
-10%
$532,570
0%
$768,130
+10%
$1,003,689
+20%
$1,239,249
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-527378
Dirt · Power at road
188.6Jul 27, 2026$1,042,4005,5285,1309.9 mi
75
CO-528420
Paved · Off grid
401.1Oct 1, 2024$2,589,9006,4576,87210.6 mi
75
CO-108223
Gravel · Full utilities
347.8Oct 4, 2025$3,029,6008,7117,0208.6 mi
74
CO-878310
Dirt · Full utilities
370.4Apr 12, 2025$2,240,1006,0485,8859.9 mi
71
CO-639818
Paved · Off grid
1104.4Dec 3, 2025$5,327,8004,8246,67812.7 mi
70
CO-367895
Dirt · Full utilities
274.2May 1, 2025$1,895,3006,9116,1477.5 mi
68
CO-567420
Gravel · Power at road
194.4Jul 27, 2026$904,7004,6543,74516.6 mi
67
CO-547872
Gravel · Off grid
269.7Mar 3, 2025$1,581,7005,8646,44914.1 mi
65
CO-427849
Dirt · Off grid
265.2May 18, 2024$1,347,9005,0826,67010.7 mi
64
CO-879016
Gravel · Power at road
617.7May 22, 2024$3,214,0005,2036,41611.3 mi
63
Show adjustment detail for the top comp
  • Tract size (188.56 ac → 419.55 ac)-20.6%
  • Access (Dirt → Paved)+37.2%
  • 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.