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Cheyenne County, CO · Sold

CO-108223

3046 County Road 385

$3,002,600
$8,634/ac · 348 ac
Acreage348 ac
Price per acre$8,634/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedSep 4, 2025
Coordinates38.8238, -102.5870
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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

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands2.6% of tract

Little to no mapped wetland coverage.

Average slope18.8%

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.

PowerOn site

Power at or near the road.

Buildable area270.99 of 347.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,570,796
$2,088,739$3,052,853 · $7,392/ac on 348 ac
Asking vs estimate
+16.8%
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 $3,002,600
Maximum allowable offer
$1,469,026
$4,224/ac · +30.0% target margin

You need $1,533,574 off asking to hit this margin.

All-in cost$1,593,893
Net resale$2,365,132
Projected profit$771,239
ROI+48.4%
Annualized+69.2%
Break-even resale$4,982/ac
Profit if resale lands off target
-20%
$298,213
-10%
$534,726
0%
$771,239
+10%
$1,007,752
+20%
$1,244,266
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-878310
Dirt · Full utilities
370.4Apr 12, 2025$2,240,1006,0487,5692.2 mi
84
CO-567420
Gravel · Power at road
194.4Jul 27, 2026$904,7004,6544,8178.1 mi
81
CO-518482
Paved · Off grid
419.6Jul 27, 2026$1,714,7004,0875,2678.6 mi
81
CO-527378
Dirt · Power at road
188.6Jul 27, 2026$1,042,4005,5286,5977.0 mi
75
CO-367895
Dirt · Full utilities
274.2May 1, 2025$1,895,3006,9117,9064.6 mi
75
CO-528420
Paved · Off grid
401.1Oct 1, 2024$2,589,9006,4578,8379.1 mi
74
CO-547872
Gravel · Off grid
269.7Mar 3, 2025$1,581,7005,8648,2946.8 mi
73
CO-427849
Dirt · Off grid
265.2May 18, 2024$1,347,9005,0828,5772.4 mi
71
CO-879016
Gravel · Power at road
617.7May 22, 2024$3,214,0005,2038,2515.1 mi
66
CO-639818
Paved · Off grid
1104.4Dec 3, 2025$5,327,8004,8248,5886.8 mi
63
Show adjustment detail for the top comp
  • Tract size (370.4 ac → 347.78 ac)+1.9%
  • Access (Dirt → Gravel)+16.3%
  • Market time (16 mo)+5.6%

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.