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Elbert County, CO · Sold

CO-679968

9511 County Road 8

$2,590,100
$2,104/ac · 1,231 ac
Acreage1,231 ac
Price per acre$2,104/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedOct 7, 2023
Coordinates39.4224, -104.2248
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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

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

2 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands5.4% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power11,002 ft away

A long utility run — price in solar/off-grid instead.

Buildable area1106.42 of 1231.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,184,034
$1,888,417$2,479,651 · $1,774/ac on 1,231 ac
Asking vs estimate
+18.6%
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 $2,590,100
Maximum allowable offer
$1,248,019
$1,014/ac · +30.0% target margin

You need $1,342,081 off asking to hit this margin.

All-in cost$1,354,101
Net resale$2,009,311
Projected profit$655,211
ROI+48.4%
Annualized+69.2%
Break-even resale$1,196/ac
Profit if resale lands off target
-20%
$253,348
-10%
$454,280
0%
$655,211
+10%
$856,142
+20%
$1,057,073
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-499359
Dirt · Power at road
792.0Dec 4, 2025$2,001,6002,5271,5252.8 mi
74
CO-959478
Gravel · Off grid
863.3Dec 26, 2024$2,004,5002,3221,5119.1 mi
73
CO-779434
Dirt · Off grid
836.2Nov 20, 2025$2,335,8002,7932,01915.6 mi
69
CO-178583
Dirt · Power at road
451.4Mar 7, 2026$1,854,7004,1092,0674.6 mi
68
CO-137812
Paved · Off grid
258.2Sep 11, 2024$1,189,0004,6051,7895.1 mi
56
Show adjustment detail for the top comp
  • Tract size (791.96 ac → 1231.13 ac)-12.8%
  • Access (Dirt → Landlocked)-20.9%
  • 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.