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Colfax County, NM · Sold

NM-948958

4957 County Road 98

$417,200
$437/ac · 954 ac
Acreage954 ac
Price per acre$437/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesFull utilities
TopographyRolling
ListedMar 16, 2024
Coordinates36.6487, -104.5243
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
35
Moderate risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope10.3%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area854.88 of 954.27 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$612,378
$497,606$727,150 · $642/ac on 954 ac
Asking vs estimate
-31.9%
Priced below the comp set

Weighted from 5 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 $417,200
Maximum allowable offer
$349,930
$367/ac · +30.0% target margin

You need $67,270 off asking to hit this margin.

All-in cost$379,674
Net resale$563,388
Projected profit$183,714
ROI+48.4%
Annualized+69.2%
Break-even resale$432/ac
Profit if resale lands off target
-20%
$71,036
-10%
$127,375
0%
$183,714
+10%
$240,052
+20%
$296,391
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-689054
Landlocked · Off grid
1023.0Jan 19, 2025$480,7004707359.5 mi
79
NM-718403
Paved · Off grid
638.4Jul 27, 2026$603,10094569215.3 mi
74
NM-538891
Gravel · Off grid
909.1Jan 30, 2025$682,40075176810.7 mi
71
NM-747837
Landlocked · Power at road
423.6Jun 2, 2025$209,9004954961.4 mi
70
NM-618115
Dirt · Off grid
518.1Jun 24, 2025$251,10048547817.5 mi
61
Show adjustment detail for the top comp
  • Tract size (1022.99 ac → 954.27 ac)+2.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (19 mo)+6.6%

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.