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Colfax County, NM · Sold

NM-163206

4448 County Road 186

$21,500
$1,454/ac · 14.79 ac
Acreage14.79 ac
Price per acre$1,454/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedApr 26, 2025
Coordinates36.6898, -104.7828
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
21
Low risk
Wetlands12.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope12.4%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

526 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area10.38 of 14.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,032
$29,419$34,645 · $2,166/ac on 14.79 ac
Asking vs estimate
-32.9%
Priced below the comp set

Weighted from 9 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 $21,500
Maximum allowable offer
$18,304
$1,238/ac · +30.0% target margin

You need $3,196 off asking to hit this margin.

All-in cost$19,860
Net resale$29,469
Projected profit$9,610
ROI+48.4%
Annualized+69.2%
Break-even resale$1,460/ac
Profit if resale lands off target
-20%
$3,716
-10%
$6,663
0%
$9,610
+10%
$12,556
+20%
$15,503
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-953673
Paved · Full utilities
20.8Jul 27, 2026$65,7003,1652,40612.1 mi
78
NM-641644
Landlocked · Off grid
4.8Jul 27, 2026$6,2001,2912,1666.8 mi
73
NM-481915
Dirt · Full utilities
5.8Jun 28, 2025$12,8002,2102,1555.7 mi
68
NM-641823
Dirt · Off grid
5.4Jul 27, 2026$7,5001,3821,84416.3 mi
68
NM-862539
Dirt · Off grid
9.1May 27, 2025$14,6001,6022,31515.2 mi
66
NM-493808
Dirt · Off grid
22.9Jul 18, 2024$26,4001,1561,90217.2 mi
62
NM-354749
Gravel · Off grid
45.2Nov 16, 2024$63,6001,4062,1993.1 mi
61
NM-362073
Gravel · Off grid
6.5Jun 29, 2025$12,4001,9002,30113.6 mi
60
NM-304723
Paved · Off grid
44.4Mar 28, 2025$74,0001,6672,17114.1 mi
56
Show adjustment detail for the top comp
  • Tract size (20.75 ac → 14.79 ac)+4.1%
  • Access (Paved → Dirt)-27.1%

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.