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Colfax County, NM · Sold

NM-565860

7011 County Road 42

$77,400
$765/ac · 101 ac
Acreage101 ac
Price per acre$765/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedApr 17, 2024
Coordinates36.6652, -104.6568
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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

4 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands12.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power12 ft away

Power at or near the road.

Buildable area84.57 of 101.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$110,879
$93,080$128,677 · $1,096/ac on 101 ac
Asking vs estimate
-30.2%
Priced below 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 $77,400
Maximum allowable offer
$63,359
$626/ac · +30.0% target margin

You need $14,041 off asking to hit this margin.

All-in cost$68,745
Net resale$102,008
Projected profit$33,264
ROI+48.4%
Annualized+69.3%
Break-even resale$739/ac
Profit if resale lands off target
-20%
$12,862
-10%
$23,063
0%
$33,264
+10%
$43,465
+20%
$53,665
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-665742
Paved · Off grid
92.9Jul 27, 2026$153,5001,6531,1009.2 mi
82
NM-646486
Gravel · Power at road
159.2Jul 27, 2026$249,5001,5671,2015.0 mi
80
NM-625928
Paved · Power at road
106.3Jun 26, 2025$126,8001,1937299.0 mi
76
NM-345530
Paved · Power at road
79.7Mar 13, 2025$155,4001,9511,1257.0 mi
73
NM-645832
Dirt · Full utilities
99.1Jan 24, 2024$157,1001,5851,1325.5 mi
72
NM-735578
Gravel · Full utilities
82.5Dec 6, 2024$186,1002,2571,2837.4 mi
70
NM-416214
Paved · Power at road
130.7Jul 4, 2024$274,4002,0991,4058.8 mi
69
NM-266492
Dirt · Off grid
159.9Oct 25, 2025$145,20090898310.3 mi
68
NM-304723
Paved · Off grid
44.4Mar 28, 2025$74,0001,6679977.2 mi
66
NM-354749
Gravel · Off grid
45.2Nov 16, 2024$63,6001,4061,0117.5 mi
65
Show adjustment detail for the top comp
  • Tract size (92.87 ac → 101.16 ac)-2.1%
  • Access (Paved → Landlocked)-42.4%
  • 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.