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Cheyenne County, CO · Sold

CO-876627

2863 County Road 92

$624,800
$5,709/ac · 109 ac
Acreage109 ac
Price per acre$5,709/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedMay 8, 2024
Coordinates38.7689, -102.5578
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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
31
Moderate risk
Wetlands2.8% of tract

Little to no mapped wetland coverage.

Average slope26.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,544 ft of deeded road frontage.

Power7,306 ft away

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

Buildable area63.83 of 109.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$626,746
$504,532$748,960 · $5,727/ac on 109 ac
Asking vs estimate
-0.3%
In line with 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 $624,800
Maximum allowable offer
$358,141
$3,272/ac · +30.0% target margin

You need $266,659 off asking to hit this margin.

All-in cost$388,583
Net resale$576,606
Projected profit$188,023
ROI+48.4%
Annualized+69.2%
Break-even resale$3,859/ac
Profit if resale lands off target
-20%
$72,702
-10%
$130,363
0%
$188,023
+10%
$245,684
+20%
$303,345
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-527378
Dirt · Power at road
188.6Jul 27, 2026$1,042,4005,5285,43811.0 mi
76
CO-596090
Dirt · Power at road
74.2Nov 6, 2025$405,4005,4654,3694.7 mi
76
CO-567420
Gravel · Power at road
194.4Jul 27, 2026$904,7004,6543,97010.3 mi
73
CO-547872
Gravel · Off grid
269.7Mar 3, 2025$1,581,7005,8646,8364.9 mi
69
CO-367895
Dirt · Full utilities
274.2May 1, 2025$1,895,3006,9116,5161.9 mi
68
CO-165932
Gravel · Power at road
66.2Oct 5, 2025$549,6008,3085,58711.9 mi
66
CO-427849
Dirt · Off grid
265.2May 18, 2024$1,347,9005,0827,0703.5 mi
66
CO-825651
Dirt · Power at road
54.0Oct 18, 2025$350,2006,4884,85114.4 mi
65
CO-245630
Landlocked · Power at road
53.1Sep 15, 2025$315,0005,9265,60710.0 mi
64
CO-108223
Gravel · Full utilities
347.8Oct 4, 2025$3,029,6008,7117,4414.1 mi
64
Show adjustment detail for the top comp
  • Tract size (188.56 ac → 109.44 ac)+15.5%
  • 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.