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Elbert County, CO · Sold

CO-779434

8907 County Road 393

$2,299,000
$2,749/ac · 836 ac
Acreage836 ac
Price per acre$2,749/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedDec 15, 2024
Coordinates39.2910, -103.9863
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

Elbert County, Colorado. Front Range spillover and San Luis Valley off-grid lots moving fast.

View Elbert market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands9.2% of tract

Little to no mapped wetland coverage.

Average slope3.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

5,942 ft of deeded road frontage.

Power656 ft away

Power at or near the road.

Buildable area721.29 of 836.18 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,140,484
$1,816,980$2,463,988 · $2,560/ac on 836 ac
Asking vs estimate
+7.4%
Priced above 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 $2,299,000
Maximum allowable offer
$1,223,134
$1,463/ac · +30.0% target margin

You need $1,075,866 off asking to hit this margin.

All-in cost$1,327,100
Net resale$1,969,246
Projected profit$642,145
ROI+48.4%
Annualized+69.2%
Break-even resale$1,725/ac
Profit if resale lands off target
-20%
$248,296
-10%
$445,221
0%
$642,145
+10%
$839,070
+20%
$1,035,994
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-499359
Dirt · Power at road
792.0Dec 4, 2025$2,001,6002,5272,17414.6 mi
77
CO-959478
Gravel · Off grid
863.3Dec 26, 2024$2,004,5002,3222,15511.8 mi
73
CO-178583
Dirt · Power at road
451.4Mar 7, 2026$1,854,7004,1092,94811.3 mi
71
CO-679968
Landlocked · Off grid
1231.1Feb 23, 2024$2,406,2001,9543,07815.6 mi
62
CO-137812
Paved · Off grid
258.2Sep 11, 2024$1,189,0004,6052,55111.7 mi
56
Show adjustment detail for the top comp
  • Tract size (791.96 ac → 836.18 ac)-1.7%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (8 mo)+2.9%

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.