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Colfax County, NM · Sold

NM-747837

530 County Road 368

$246,600
$582/ac · 424 ac
Acreage424 ac
Price per acre$582/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedJan 5, 2025
Coordinates36.6649, -104.5407
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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

1 item to verify before you offer.

Risk index
28
Low risk
Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope8.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power18 ft away

Power at or near the road.

Buildable area402.05 of 423.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$300,658
$239,610$361,705 · $710/ac on 424 ac
Asking vs estimate
-18.0%
Priced below the comp set

Weighted from 8 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 $246,600
Maximum allowable offer
$171,804
$406/ac · +30.0% target margin

You need $74,796 off asking to hit this margin.

All-in cost$186,407
Net resale$276,605
Projected profit$90,198
ROI+48.4%
Annualized+69.3%
Break-even resale$478/ac
Profit if resale lands off target
-20%
$34,877
-10%
$62,537
0%
$90,198
+10%
$117,858
+20%
$145,519
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-646486
Gravel · Power at road
159.2Jul 27, 2026$249,5001,5678074.3 mi
74
NM-718403
Paved · Off grid
638.4Jul 27, 2026$603,10094572714.7 mi
73
NM-618115
Dirt · Off grid
518.1Jun 24, 2025$251,10048550217.3 mi
72
NM-948958
Landlocked · Full utilities
954.3Aug 18, 2024$418,9004395001.4 mi
66
NM-689054
Landlocked · Off grid
1023.0Jan 19, 2025$480,7004707728.2 mi
63
NM-266492
Dirt · Off grid
159.9Oct 25, 2025$145,20090866114.2 mi
60
NM-538891
Gravel · Off grid
909.1Jan 30, 2025$682,40075180711.6 mi
60
NM-416214
Paved · Power at road
130.7Jul 4, 2024$274,4002,0999457.2 mi
58
Show adjustment detail for the top comp
  • Tract size (159.2 ac → 423.63 ac)-24.4%
  • Access (Gravel → Landlocked)-32.0%

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.