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Colfax County, NM · Sold

NM-665742

2160 County Road 216

$177,500
$1,911/ac · 92.87 ac
Acreage92.87 ac
Price per acre$1,911/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedJul 14, 2026
Coordinates36.5533, -104.7458
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

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope21.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,357 ft of deeded road frontage.

Power5,220 ft away

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

Buildable area53.77 of 92.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$147,919
$118,502$177,336 · $1,593/ac on 92.87 ac
Asking vs estimate
+20.0%
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 $177,500
Maximum allowable offer
$84,525
$910/ac · +30.0% target margin

You need $92,975 off asking to hit this margin.

All-in cost$91,710
Net resale$136,086
Projected profit$44,376
ROI+48.4%
Annualized+69.3%
Break-even resale$1,073/ac
Profit if resale lands off target
-20%
$17,159
-10%
$30,767
0%
$44,376
+10%
$57,984
+20%
$71,593
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-735578
Gravel · Full utilities
82.5Dec 6, 2024$186,1002,2571,9322.3 mi
75
NM-625928
Paved · Power at road
106.3Jun 26, 2025$126,8001,1931,0989.9 mi
75
NM-266492
Dirt · Off grid
159.9Oct 25, 2025$145,2009081,4811.7 mi
75
NM-345530
Paved · Power at road
79.7Mar 13, 2025$155,4001,9511,69510.0 mi
73
NM-646486
Gravel · Power at road
159.2Jul 27, 2026$249,5001,5671,80914.0 mi
72
NM-565860
Landlocked · Power at road
101.2Jul 30, 2024$66,8006601,0809.2 mi
70
NM-645832
Dirt · Full utilities
99.1Jan 24, 2024$157,1001,5851,70510.2 mi
68
NM-416214
Paved · Power at road
130.7Jul 4, 2024$274,4002,0992,11710.1 mi
67
NM-354749
Gravel · Off grid
45.2Nov 16, 2024$63,6001,4061,5226.8 mi
64
NM-304723
Paved · Off grid
44.4Mar 28, 2025$74,0001,6671,50215.0 mi
64
Show adjustment detail for the top comp
  • Tract size (82.47 ac → 92.87 ac)-2.8%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (20 mo)+7.1%

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.