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Logan County, CO · Sold

CO-408094

2547 County Road 397

$981,000
$3,097/ac · 317 ac
Acreage317 ac
Price per acre$3,097/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyFlat
ListedSep 15, 2023
Coordinates40.6833, -103.1750
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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

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

View Logan market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
48
Moderate risk
Wetlands22.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.7%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area234.41 of 316.75 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,405,905
$1,183,362$1,628,447 · $4,439/ac on 317 ac
Asking vs estimate
-30.2%
Priced below the comp set

Weighted from 7 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 $981,000
Maximum allowable offer
$803,374
$2,536/ac · +30.0% target margin

You need $177,626 off asking to hit this margin.

All-in cost$871,661
Net resale$1,293,432
Projected profit$421,772
ROI+48.4%
Annualized+69.2%
Break-even resale$2,991/ac
Profit if resale lands off target
-20%
$163,085
-10%
$292,428
0%
$421,772
+10%
$551,115
+20%
$680,458
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-937355
Dirt · Full utilities
185.4Jun 26, 2026$862,5004,6513,1768.0 mi
80
CO-937795
Dirt · Power at road
255.1Jul 27, 2026$1,280,5005,0204,55910.2 mi
79
CO-398080
Dirt · Power at road
313.6Jan 30, 2025$1,221,2003,8953,9887.7 mi
74
CO-837944
Gravel · Full utilities
284.1Jan 9, 2025$2,050,9007,2185,0759.1 mi
73
CO-337118
Gravel · Off grid
156.2Dec 9, 2024$822,8005,2684,5122.2 mi
65
CO-186980
Dirt · Power at road
141.3Apr 22, 2024$771,7005,4604,61210.1 mi
62
CO-769031
Paved · Power at road
624.5Feb 8, 2024$3,604,1005,7715,4987.1 mi
60
Show adjustment detail for the top comp
  • Tract size (185.45 ac → 316.75 ac)-14.1%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (2 mo)+0.6%

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.