Colfax County, NM · Sold

NM-416214

1187 County Road 135

$254,500

$1,947/ac · 131 ac

Offer report Market this tract

Acreage131 ac

Price per acre$1,947/ac

ZoningMixed Use

Road accessPaved

UtilitiesPower at road

TopographyMixed

ListedJun 3, 2024

Coordinates36.5620, -104.5642

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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

2 items to verify before you offer.

Risk index

Low risk

Wetlands10.9% of tract

Little to no mapped wetland coverage.

Average slope7.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,573 ft of deeded road frontage.

Power12 ft away

Power at or near the road.

Buildable area110.66 of 130.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$213,314

$172,150 – $254,478 · $1,632/ac on 131 ac

Asking vs estimate

+19.3%

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 $254,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$121,894

$932/ac · +30.0% target margin

You need $132,606 off asking to hit this margin.

All-in cost$132,255

Net resale$196,249

Projected profit$63,994

ROI+48.4%

Annualized+69.2%

Break-even resale$1,100/ac

Profit if resale lands off target

-20%

$24,744

-10%

$44,369

$63,994

+10%

$83,619

+20%

$103,244

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-625928 Paved · Power at road	106.3	Jun 26, 2025	$126,800	1,193	1,186	0.4 mi	86
NM-646486 Gravel · Power at road	159.2	Jul 27, 2026	$249,500	1,567	1,953	10.5 mi	81
NM-665742 Paved · Off grid	92.9	Jul 27, 2026	$153,500	1,653	1,789	10.1 mi	79
NM-266492 Dirt · Off grid	159.9	Oct 25, 2025	$145,200	908	1,599	9.7 mi	73
NM-565860 Landlocked · Power at road	101.2	Jul 30, 2024	$66,800	660	1,166	8.8 mi	69
NM-735578 Gravel · Full utilities	82.5	Dec 6, 2024	$186,100	2,257	2,086	10.4 mi	68
NM-345530 Paved · Power at road	79.7	Mar 13, 2025	$155,400	1,951	1,830	15.0 mi	67
NM-645832 Dirt · Full utilities	99.1	Jan 24, 2024	$157,100	1,585	1,841	13.9 mi	67
NM-747837 Landlocked · Power at road	423.6	Jun 2, 2025	$209,900	495	1,259	7.2 mi	62
NM-304723 Paved · Off grid	44.4	Mar 28, 2025	$74,000	1,667	1,622	8.5 mi	61

Show adjustment detail for the top comp

Tract size (106.27 ac → 130.73 ac)-5.1%
Market time (14 mo)+4.8%

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