Colfax County, NM · Sold

NM-830827

8723 County Road 28

$5,900

$2,235/ac · 2.64 ac

Offer report Market this tract

Acreage2.64 ac

Price per acre$2,235/ac

ZoningMixed Use

Road accessDirt

UtilitiesOff grid

TopographyRolling

ListedAug 5, 2024

Coordinates36.5365, -104.7882

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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

5 items to verify before you offer.

Risk index

Moderate risk

Wetlands16.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope12.4%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

255 ft of deeded road frontage.

Power10,540 ft away

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

Buildable area1.76 of 2.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$4,349

$3,926 – $4,772 · $1,647/ac on 2.64 ac

Asking vs estimate

+35.7%

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 $5,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$2,485

$941/ac · +30.0% target margin

You need $3,415 off asking to hit this margin.

All-in cost$2,696

Net resale$4,001

Projected profit$1,305

ROI+48.4%

Annualized+69.3%

Break-even resale$1,110/ac

Profit if resale lands off target

-20%

$505

-10%

$905

$1,305

+10%

$1,705

+20%

$2,105

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-940822 Gravel · Off grid	2.6	Mar 22, 2026	$5,400	2,068	1,808	8.2 mi	87
NM-941379 Landlocked · Off grid	3.9	May 12, 2026	$4,100	1,028	1,331	4.1 mi	84
NM-641823 Dirt · Off grid	5.4	Jul 27, 2026	$7,500	1,382	1,422	13.8 mi	74
NM-641644 Landlocked · Off grid	4.8	Jul 27, 2026	$6,200	1,291	1,670	13.2 mi	73
NM-851321 Dirt · Power at road	3.8	Feb 3, 2026	$7,200	1,909	1,677	15.1 mi	72
NM-261156 Gravel · Off grid	3.4	Nov 24, 2024	$6,500	1,934	1,796	11.1 mi	69
NM-481915 Dirt · Full utilities	5.8	Jun 28, 2025	$12,800	2,210	1,661	10.6 mi	65
NM-862539 Dirt · Off grid	9.1	May 27, 2025	$14,600	1,602	1,785	15.1 mi	63
NM-871135 Gravel · Power at road	3.3	Dec 19, 2023	$6,500	1,970	1,611	13.3 mi	63
NM-362073 Gravel · Off grid	6.5	Jun 29, 2025	$12,400	1,900	1,774	13.0 mi	61

Show adjustment detail for the top comp

Access (Gravel → Dirt)-14.0%
Market time (5 mo)+1.7%

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