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Elbert County, CO · Sold

CO-435709

5016 County Road 68

$228,700
$4,064/ac · 56.28 ac
Acreage56.28 ac
Price per acre$4,064/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedDec 15, 2023
Coordinates39.3569, -104.0564
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

3 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands1.5% of tract

Little to no mapped wetland coverage.

Average slope28.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,175 ft of deeded road frontage.

Power12,682 ft away

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

Buildable area33.26 of 56.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$311,999
$244,715$379,282 · $5,544/ac on 56.28 ac
Asking vs estimate
-26.7%
Priced below 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 $228,700
Maximum allowable offer
$178,285
$3,168/ac · +30.0% target margin

You need $50,415 off asking to hit this margin.

All-in cost$193,439
Net resale$287,039
Projected profit$93,600
ROI+48.4%
Annualized+69.2%
Break-even resale$3,736/ac
Profit if resale lands off target
-20%
$36,192
-10%
$64,896
0%
$93,600
+10%
$122,303
+20%
$151,007
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-225839
Landlocked · Off grid
61.8Jul 27, 2026$267,2004,3215,5886.5 mi
85
CO-525776
Landlocked · Full utilities
59.1Jul 27, 2026$349,7005,9205,2818.4 mi
84
CO-135736
Gravel · Full utilities
57.4Jul 19, 2026$390,1006,7984,10310.0 mi
82
CO-957048
Gravel · Off grid
148.5Jul 27, 2026$640,9004,3174,6954.4 mi
74
CO-126908
Dirt · Power at road
134.2Feb 20, 2026$653,6004,8725,1913.5 mi
72
CO-464650
Paved · Off grid
26.1Feb 6, 2026$299,00011,4447,4286.7 mi
70
CO-926645
Gravel · Full utilities
110.9Sep 12, 2025$573,1005,1693,76411.3 mi
68
CO-946469
Landlocked · Power at road
97.6Jun 6, 2024$460,7004,7206,2811.4 mi
67
CO-804383
Dirt · Power at road
21.5Jul 22, 2024$209,6009,7337,6251.7 mi
65
CO-906969
Paved · Power at road
140.2Jun 13, 2024$1,011,2007,2126,0607.2 mi
59
Show adjustment detail for the top comp
  • Tract size (61.84 ac → 56.28 ac)+2.0%
  • Access (Landlocked → Dirt)+26.5%

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.