NM-493808
3898 County Road 369
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.
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?
4 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
708 ft of deeded road frontage.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $7,199 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-953673 Paved · Full utilities | 20.8 | Jul 27, 2026 | $65,700 | 3,165 | 1,590 | 18.0 mi | 77 |
| NM-862539 Dirt · Off grid | 9.1 | May 27, 2025 | $14,600 | 1,602 | 1,530 | 3.1 mi | 74 |
| NM-304723 Paved · Off grid | 44.4 | Mar 28, 2025 | $74,000 | 1,667 | 1,434 | 4.4 mi | 68 |
| NM-163206 Dirt · Full utilities | 14.8 | Jun 14, 2025 | $22,400 | 1,515 | 1,050 | 17.2 mi | 66 |
| NM-354749 Gravel · Off grid | 45.2 | Nov 16, 2024 | $63,600 | 1,406 | 1,453 | 17.0 mi | 59 |
| NM-345530 Paved · Power at road | 79.7 | Mar 13, 2025 | $155,400 | 1,951 | 1,618 | 17.0 mi | 53 |
Show adjustment detail for the top comp
- Tract size (20.75 ac → 22.88 ac)-1.3%
- Access (Paved → Dirt)-27.1%
- Utilities (Full utilities → Off grid)-30.3%
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.