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Colfax County, NM · Sold

NM-851321

7271 County Road 291

$8,500
$2,249/ac · 3.78 ac
Acreage3.78 ac
Price per acre$2,249/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedOct 24, 2025
Coordinates36.5089, -104.5190
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

3 items to verify before you offer.

Risk index
29
Low risk
Wetlands29.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

247 ft of deeded road frontage.

Power27 ft away

Power at or near the road.

Buildable area2.54 of 3.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,460
$6,423$8,498 · $1,974/ac on 3.78 ac
Asking vs estimate
+13.9%
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 $8,500
Maximum allowable offer
$4,263
$1,128/ac · +30.0% target margin

You need $4,237 off asking to hit this margin.

All-in cost$4,625
Net resale$6,864
Projected profit$2,238
ROI+48.4%
Annualized+69.3%
Break-even resale$1,330/ac
Profit if resale lands off target
-20%
$865
-10%
$1,552
0%
$2,238
+10%
$2,925
+20%
$3,611
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-641823
Dirt · Off grid
5.4Jul 27, 2026$7,5001,3821,6543.4 mi
83
NM-941379
Landlocked · Off grid
3.9May 12, 2026$4,1001,0281,54911.3 mi
79
NM-871135
Gravel · Power at road
3.3Dec 19, 2023$6,5001,9701,8751.8 mi
78
NM-641644
Landlocked · Off grid
4.8Jul 27, 2026$6,2001,2911,94315.2 mi
76
NM-940822
Gravel · Off grid
2.6Mar 22, 2026$5,4002,0682,10411.0 mi
73
NM-481915
Dirt · Full utilities
5.8Jun 28, 2025$12,8002,2101,93314.2 mi
72
NM-830827
Dirt · Off grid
2.6May 17, 2025$5,6002,1342,61415.1 mi
68
NM-362073
Gravel · Off grid
6.5Jun 29, 2025$12,4001,9002,0646.6 mi
67
NM-261156
Gravel · Off grid
3.4Nov 24, 2024$6,5001,9342,09016.9 mi
66
NM-862539
Dirt · Off grid
9.1May 27, 2025$14,6001,6022,0776.6 mi
65
Show adjustment detail for the top comp
  • Tract size (5.43 ac → 3.78 ac)+1.5%
  • Utilities (Off grid → Power at road)+17.6%

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.