Colfax County, NM · Sold

NM-345530

8227 County Road 165

$166,400

$2,089/ac · 79.65 ac

Offer report Market this tract

Acreage79.65 ac

Price per acre$2,089/ac

ZoningUnzoned

Road accessPaved

UtilitiesPower at road

TopographyMixed

ListedJun 12, 2024

Coordinates36.6959, -104.7780

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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

Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power224 ft away

Power at or near the road.

Buildable area71.35 of 79.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$154,575

$124,193 – $184,956 · $1,941/ac on 79.65 ac

Asking vs estimate

+7.7%

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 $166,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$88,328

$1,109/ac · +30.0% target margin

You need $78,072 off asking to hit this margin.

All-in cost$95,836

Net resale$142,209

Projected profit$46,373

ROI+48.4%

Annualized+69.3%

Break-even resale$1,308/ac

Profit if resale lands off target

-20%

$17,931

-10%

$32,152

$46,373

+10%

$60,594

+20%

$74,815

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-665742 Paved · Off grid	92.9	Jul 27, 2026	$153,500	1,653	2,022	10.0 mi	83
NM-646486 Gravel · Power at road	159.2	Jul 27, 2026	$249,500	1,567	2,207	10.5 mi	73
NM-735578 Gravel · Full utilities	82.5	Dec 6, 2024	$186,100	2,257	2,357	7.7 mi	73
NM-625928 Paved · Power at road	106.3	Jun 26, 2025	$126,800	1,193	1,340	15.1 mi	71
NM-565860 Landlocked · Power at road	101.2	Jul 30, 2024	$66,800	660	1,318	7.0 mi	71
NM-645832 Dirt · Full utilities	99.1	Jan 24, 2024	$157,100	1,585	2,081	1.9 mi	70
NM-354749 Gravel · Off grid	45.2	Nov 16, 2024	$63,600	1,406	1,857	3.6 mi	66
NM-416214 Paved · Power at road	130.7	Jul 4, 2024	$274,400	2,099	2,583	15.0 mi	65
NM-266492 Dirt · Off grid	159.9	Oct 25, 2025	$145,200	908	1,807	11.7 mi	64
NM-304723 Paved · Off grid	44.4	Mar 28, 2025	$74,000	1,667	1,833	13.9 mi	64

Show adjustment detail for the top comp

Tract size (92.87 ac → 79.65 ac)+3.7%
Utilities (Off grid → Power at road)+17.6%

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