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Colfax County, NM · Sold

NM-266492

2933 County Road 207

$139,900
$875/ac · 160 ac
Acreage160 ac
Price per acre$875/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedJan 7, 2025
Coordinates36.5305, -104.7349
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

Colfax County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Colfax market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
7
Low risk
Wetlands5.5% of tract

Little to no mapped wetland coverage.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,228 ft of deeded road frontage.

Power2,518 ft away

Service extension needed; get a utility quote.

Buildable area143.54 of 159.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$157,343
$120,653$194,033 · $984/ac on 160 ac
Asking vs estimate
-11.1%
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 $139,900
Maximum allowable offer
$89,911
$562/ac · +30.0% target margin

You need $49,989 off asking to hit this margin.

All-in cost$97,553
Net resale$144,756
Projected profit$47,203
ROI+48.4%
Annualized+69.2%
Break-even resale$663/ac
Profit if resale lands off target
-20%
$18,251
-10%
$32,727
0%
$47,203
+10%
$61,678
+20%
$76,154
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-646486
Gravel · Power at road
159.2Jul 27, 2026$249,5001,5671,14715.0 mi
85
NM-665742
Paved · Off grid
92.9Jul 27, 2026$153,5001,6531,0511.7 mi
81
NM-625928
Paved · Power at road
106.3Jun 26, 2025$126,8001,1936969.4 mi
68
NM-618115
Dirt · Off grid
518.1Jun 24, 2025$251,1004857133.6 mi
67
NM-416214
Paved · Power at road
130.7Jul 4, 2024$274,4002,0991,3429.7 mi
67
NM-735578
Gravel · Full utilities
82.5Dec 6, 2024$186,1002,2571,2254.0 mi
65
NM-645832
Dirt · Full utilities
99.1Jan 24, 2024$157,1001,5851,08111.8 mi
63
NM-565860
Landlocked · Power at road
101.2Jul 30, 2024$66,80066068510.3 mi
63
NM-345530
Paved · Power at road
79.7Mar 13, 2025$155,4001,9511,07511.7 mi
61
NM-747837
Landlocked · Power at road
423.6Jun 2, 2025$209,90049573914.2 mi
57
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • 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.