Colfax County, NM · Sold

NM-871135

3489 County Road 71

$7,900

$2,394/ac · 3.30 ac

Offer report Market this tract

Acreage3.30 ac

Price per acre$2,394/ac

ZoningResidential

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedNov 3, 2023

Coordinates36.5056, -104.5509

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

Low risk

Wetlands7.8% of tract

Little to no mapped wetland coverage.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power179 ft away

Power at or near the road.

Buildable area2.89 of 3.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$7,657

$6,616 – $8,699 · $2,320/ac on 3.30 ac

Asking vs estimate

+3.2%

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 $7,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$4,376

$1,326/ac · +30.0% target margin

You need $3,524 off asking to hit this margin.

All-in cost$4,748

Net resale$7,045

Projected profit$2,297

ROI+48.4%

Annualized+69.2%

Break-even resale$1,564/ac

Profit if resale lands off target

-20%

$888

-10%

$1,592

$2,297

+10%

$3,001

+20%

$3,706

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-851321 Dirt · Power at road	3.8	Feb 3, 2026	$7,200	1,909	2,280	1.8 mi	88
NM-641823 Dirt · Off grid	5.4	Jul 27, 2026	$7,500	1,382	1,933	3.4 mi	79
NM-940822 Gravel · Off grid	2.6	Mar 22, 2026	$5,400	2,068	2,457	9.8 mi	78
NM-941379 Landlocked · Off grid	3.9	May 12, 2026	$4,100	1,028	1,809	9.5 mi	78
NM-641644 Landlocked · Off grid	4.8	Jul 27, 2026	$6,200	1,291	2,270	14.6 mi	74
NM-261156 Gravel · Off grid	3.4	Nov 24, 2024	$6,500	1,934	2,441	15.9 mi	71
NM-362073 Gravel · Off grid	6.5	Jun 29, 2025	$12,400	1,900	2,411	6.3 mi	69
NM-830827 Dirt · Off grid	2.6	May 17, 2025	$5,600	2,134	3,053	13.3 mi	68
NM-481915 Dirt · Full utilities	5.8	Jun 28, 2025	$12,800	2,210	2,258	13.4 mi	68
NM-862539 Dirt · Off grid	9.1	May 27, 2025	$14,600	1,602	2,426	6.9 mi	61

Show adjustment detail for the top comp

Access (Dirt → Gravel)+16.3%
Market time (6 mo)+2.2%

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