Colfax County, NM · Sold

NM-354749

3141 County Road 129

$64,700

$1,430/ac · 45.23 ac

Offer report Market this tract

Acreage45.23 ac

Price per acre$1,430/ac

ZoningAgricultural

Road accessGravel

UtilitiesOff grid

TopographyRolling

ListedOct 18, 2023

Coordinates36.6449, -104.7894

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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

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

Low risk

Wetlands0.5% of tract

Little to no mapped wetland coverage.

Average slope8.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,501 ft of deeded road frontage.

Power10,610 ft away

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

Buildable area42.75 of 45.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$66,721

$53,884 – $79,557 · $1,475/ac on 45.23 ac

Asking vs estimate

-3.0%

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 $64,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$38,126

$843/ac · +30.0% target margin

You need $26,574 off asking to hit this margin.

All-in cost$41,367

Net resale$61,383

Projected profit$20,016

ROI+48.4%

Annualized+69.2%

Break-even resale$994/ac

Profit if resale lands off target

-20%

$7,740

-10%

$13,878

$20,016

+10%

$26,154

+20%

$32,293

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-304723 Paved · Off grid	44.4	Mar 28, 2025	$74,000	1,667	1,490	14.7 mi	78
NM-665742 Paved · Off grid	92.9	Jul 27, 2026	$153,500	1,653	1,643	6.8 mi	75
NM-953673 Paved · Full utilities	20.8	Jul 27, 2026	$65,700	3,165	1,651	9.0 mi	71
NM-735578 Gravel · Full utilities	82.5	Dec 6, 2024	$186,100	2,257	1,916	4.6 mi	68
NM-345530 Paved · Power at road	79.7	Mar 13, 2025	$155,400	1,951	1,681	3.6 mi	67
NM-565860 Landlocked · Power at road	101.2	Jul 30, 2024	$66,800	660	1,071	7.5 mi	64
NM-163206 Dirt · Full utilities	14.8	Jun 14, 2025	$22,400	1,515	1,091	3.1 mi	63
NM-645832 Dirt · Full utilities	99.1	Jan 24, 2024	$157,100	1,585	1,691	4.6 mi	60
NM-625928 Paved · Power at road	106.3	Jun 26, 2025	$126,800	1,193	1,089	13.7 mi	59
NM-493808 Dirt · Off grid	22.9	Jul 18, 2024	$26,400	1,156	1,305	17.0 mi	58

Show adjustment detail for the top comp

Access (Paved → Gravel)-15.3%
Market time (17 mo)+5.8%

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.

Build the listing kit Post a deal or JV