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Colfax County, NM · Sold

NM-940822

2064 County Road 311

$5,600
$2,129/ac · 2.63 ac
Acreage2.63 ac
Price per acre$2,129/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedMar 28, 2025
Coordinates36.6096, -104.6718
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
14
Low risk
Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

341 ft of deeded road frontage.

Power2,560 ft away

Service extension needed; get a utility quote.

Buildable area2.27 of 2.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,194
$4,446$5,942 · $1,975/ac on 2.63 ac
Asking vs estimate
+7.8%
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 $5,600
Maximum allowable offer
$2,968
$1,129/ac · +30.0% target margin

You need $2,632 off asking to hit this margin.

All-in cost$3,220
Net resale$4,778
Projected profit$1,558
ROI+48.4%
Annualized+69.2%
Break-even resale$1,331/ac
Profit if resale lands off target
-20%
$602
-10%
$1,080
0%
$1,558
+10%
$2,036
+20%
$2,514
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-941379
Landlocked · Off grid
3.9May 12, 2026$4,1001,0281,5487.4 mi
82
NM-830827
Dirt · Off grid
2.6May 17, 2025$5,6002,1342,6128.2 mi
82
NM-641644
Landlocked · Off grid
4.8Jul 27, 2026$6,2001,2911,9426.1 mi
77
NM-261156
Gravel · Off grid
3.4Nov 24, 2024$6,5001,9342,0896.2 mi
74
NM-641823
Dirt · Off grid
5.4Jul 27, 2026$7,5001,3821,6538.2 mi
74
NM-851321
Dirt · Power at road
3.8Feb 3, 2026$7,2001,9091,95011.0 mi
71
NM-362073
Gravel · Off grid
6.5Jun 29, 2025$12,4001,9002,0635.9 mi
68
NM-871135
Gravel · Power at road
3.3Dec 19, 2023$6,5001,9701,8749.8 mi
68
NM-481915
Dirt · Full utilities
5.8Jun 28, 2025$12,8002,2101,9324.0 mi
66
NM-862539
Dirt · Off grid
9.1May 27, 2025$14,6001,6022,0767.9 mi
65
Show adjustment detail for the top comp
  • Tract size (3.94 ac → 2.63 ac)+1.3%
  • Access (Landlocked → Gravel)+47.1%
  • Market time (3 mo)+1.1%

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.