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Colfax County, NM · Sold

NM-646486

6844 County Road 264

$251,000
$1,577/ac · 159 ac
Acreage159 ac
Price per acre$1,577/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedSep 26, 2025
Coordinates36.7133, -104.5895
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

2 items to verify before you offer.

Risk index
14
Low risk
Wetlands4.3% of tract

Little to no mapped wetland coverage.

Average slope15.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,751 ft of deeded road frontage.

Power46 ft away

Power at or near the road.

Buildable area121.88 of 159.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$208,668
$159,903$257,433 · $1,311/ac on 159 ac
Asking vs estimate
+20.3%
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 $251,000
Maximum allowable offer
$119,239
$749/ac · +30.0% target margin

You need $131,761 off asking to hit this margin.

All-in cost$129,374
Net resale$191,974
Projected profit$62,600
ROI+48.4%
Annualized+69.2%
Break-even resale$883/ac
Profit if resale lands off target
-20%
$24,205
-10%
$43,403
0%
$62,600
+10%
$81,798
+20%
$100,995
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-266492
Dirt · Off grid
159.9Oct 25, 2025$145,2009081,28615.0 mi
79
NM-665742
Paved · Off grid
92.9Jul 27, 2026$153,5001,6531,43914.0 mi
72
NM-625928
Paved · Power at road
106.3Jun 26, 2025$126,8001,19395410.9 mi
69
NM-416214
Paved · Power at road
130.7Jul 4, 2024$274,4002,0991,83810.5 mi
68
NM-565860
Landlocked · Power at road
101.2Jul 30, 2024$66,8006609385.0 mi
68
NM-747837
Landlocked · Power at road
423.6Jun 2, 2025$209,9004951,0124.3 mi
65
NM-345530
Paved · Power at road
79.7Mar 13, 2025$155,4001,9511,47210.5 mi
63
NM-735578
Gravel · Full utilities
82.5Dec 6, 2024$186,1002,2571,67812.4 mi
63
NM-645832
Dirt · Full utilities
99.1Jan 24, 2024$157,1001,5851,4818.6 mi
62
NM-618115
Dirt · Off grid
518.1Jun 24, 2025$251,10048597717.5 mi
54
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (10 mo)+3.4%

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.