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Colfax County, NM · Sold

NM-641823

8222 County Road 16

$7,400
$1,363/ac · 5.43 ac
Acreage5.43 ac
Price per acre$1,363/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedOct 23, 2025
Coordinates36.5548, -104.5408
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

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands15.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

215 ft of deeded road frontage.

Power12,850 ft away

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

Buildable area4.35 of 5.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$9,139
$8,027$10,250 · $1,683/ac on 5.43 ac
Asking vs estimate
-19.0%
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 $7,400
Maximum allowable offer
$5,222
$962/ac · +30.0% target margin

You need $2,178 off asking to hit this margin.

All-in cost$5,666
Net resale$8,408
Projected profit$2,742
ROI+48.4%
Annualized+69.3%
Break-even resale$1,134/ac
Profit if resale lands off target
-20%
$1,060
-10%
$1,901
0%
$2,742
+10%
$3,582
+20%
$4,423
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-362073
Gravel · Off grid
6.5Jun 29, 2025$12,4001,9001,7283.2 mi
83
NM-641644
Landlocked · Off grid
4.8Jul 27, 2026$6,2001,2911,62711.9 mi
81
NM-851321
Dirt · Power at road
3.8Feb 3, 2026$7,2001,9091,6343.4 mi
79
NM-941379
Landlocked · Off grid
3.9May 12, 2026$4,1001,0281,29710.5 mi
77
NM-481915
Dirt · Full utilities
5.8Jun 28, 2025$12,8002,2101,61811.1 mi
75
NM-862539
Dirt · Off grid
9.1May 27, 2025$14,6001,6021,7393.5 mi
74
NM-940822
Gravel · Off grid
2.6Mar 22, 2026$5,4002,0681,7618.2 mi
71
NM-871135
Gravel · Power at road
3.3Dec 19, 2023$6,5001,9701,5703.4 mi
65
NM-830827
Dirt · Off grid
2.6May 17, 2025$5,6002,1342,18813.8 mi
65
NM-261156
Gravel · Off grid
3.4Nov 24, 2024$6,5001,9341,75013.8 mi
63
Show adjustment detail for the top comp
  • Tract size (6.51 ac → 5.43 ac)+1.0%
  • Access (Gravel → Dirt)-14.0%
  • Market time (14 mo)+4.7%

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.