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Montezuma County, CO · Sold

CO-594771

8237 County Road 123

$193,900
$6,796/ac · 28.53 ac
Acreage28.53 ac
Price per acre$6,796/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographySloped
ListedAug 31, 2023
Coordinates37.3029, -108.6487
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

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

View Montezuma market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands6.7% of tract

Little to no mapped wetland coverage.

Average slope13.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power69 ft away

Power at or near the road.

Buildable area21.29 of 28.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$198,662
$168,826 – $228,498 · $6,963/ac on 28.53 ac
Asking vs estimate
-2.4%
In line with 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 $193,900
Maximum allowable offer
$113,521
$3,979/ac · +30.0% target margin

You need $80,379 off asking to hit this margin.

All-in cost$123,170
Net resale$182,769
Projected profit$59,599
ROI+48.4%
Annualized+69.3%
Break-even resale$4,693/ac
Profit if resale lands off target
-20%
$23,045
-10%
$41,322
0%
$59,599
+10%
$77,876
+20%
$96,153
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-173664
Gravel · Power at road
12.8Jul 27, 2026$111,2008,6935,3892.2 mi
76
CO-785140
Paved · Power at road
37.3Jul 15, 2025$475,90012,7688,0874.3 mi
75
CO-265583
Paved · Power at road
51.4Jul 27, 2026$673,60013,1128,46210.1 mi
74
CO-965403
Gravel · Power at road
45.1Oct 24, 2025$390,8008,6686,6364.0 mi
73
CO-185471
Gravel · Off grid
47.4Aug 20, 2025$362,5007,6527,0084.2 mi
69
CO-226367
Paved · Power at road
90.7Jul 27, 2026$723,7007,9835,8448.3 mi
68
CO-244929
Dirt · Off grid
32.0Jul 22, 2024$227,7007,1167,36612.2 mi
68
CO-143189
Landlocked · Off grid
9.1Oct 4, 2025$52,1005,7446,1862.0 mi
67
CO-954161
Gravel · Power at road
18.3Sep 5, 2024$221,00012,0528,3819.8 mi
66
CO-283861
Dirt · Full utilities
14.8Jun 29, 2024$140,3009,5026,1898.4 mi
60
Show adjustment detail for the top comp
  • Tract size (12.79 ac → 28.53 ac)-9.5%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (2 mo)+0.8%

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.