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Colfax County, NM · Sold

NM-735578

2920 County Road 300

$192,100
$2,329/ac · 82.47 ac
Acreage82.47 ac
Price per acre$2,329/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedSep 18, 2024
Coordinates36.5868, -104.7482
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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

3 items to verify before you offer.

Risk index
24
Low risk
Wetlands3.6% of tract

Little to no mapped wetland coverage.

Average slope16.7%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area63.60 of 82.47 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$161,830
$131,624$192,036 · $1,962/ac on 82.47 ac
Asking vs estimate
+18.7%
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 $192,100
Maximum allowable offer
$92,474
$1,121/ac · +30.0% target margin

You need $99,626 off asking to hit this margin.

All-in cost$100,334
Net resale$148,884
Projected profit$48,549
ROI+48.4%
Annualized+69.3%
Break-even resale$1,322/ac
Profit if resale lands off target
-20%
$18,773
-10%
$33,661
0%
$48,549
+10%
$63,438
+20%
$78,326
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-665742
Paved · Off grid
92.9Jul 27, 2026$153,5001,6532,0732.3 mi
86
NM-625928
Paved · Power at road
106.3Jun 26, 2025$126,8001,1931,37410.2 mi
74
NM-646486
Gravel · Power at road
159.2Jul 27, 2026$249,5001,5672,26312.4 mi
74
NM-345530
Paved · Power at road
79.7Mar 13, 2025$155,4001,9512,1217.7 mi
74
NM-645832
Dirt · Full utilities
99.1Jan 24, 2024$157,1001,5852,1347.9 mi
74
NM-266492
Dirt · Off grid
159.9Oct 25, 2025$145,2009081,8534.0 mi
69
NM-565860
Landlocked · Power at road
101.2Jul 30, 2024$66,8006601,3517.4 mi
68
NM-354749
Gravel · Off grid
45.2Nov 16, 2024$63,6001,4061,9054.6 mi
68
NM-416214
Paved · Power at road
130.7Jul 4, 2024$274,4002,0992,64910.4 mi
67
NM-304723
Paved · Off grid
44.4Mar 28, 2025$74,0001,6671,88013.8 mi
61
Show adjustment detail for the top comp
  • Tract size (92.87 ac → 82.47 ac)+2.9%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Full utilities)+43.5%

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.