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Grant County, NM · Sold

NM-678500

8416 County Road 358

$427,000
$624/ac · 685 ac
Acreage685 ac
Price per acre$624/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedNov 23, 2025
Coordinates32.7227, -108.2709
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

Grant County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Grant market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
8
Low risk
Wetlands2.6% of tract

Little to no mapped wetland coverage.

Average slope10.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,942 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area633.66 of 684.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$511,739
$421,940$601,539 · $747/ac on 685 ac
Asking vs estimate
-16.6%
Priced below the comp set

Weighted from 6 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 $427,000
Maximum allowable offer
$292,422
$427/ac · +30.0% target margin

You need $134,578 off asking to hit this margin.

All-in cost$317,278
Net resale$470,800
Projected profit$153,522
ROI+48.4%
Annualized+69.3%
Break-even resale$504/ac
Profit if resale lands off target
-20%
$59,362
-10%
$106,442
0%
$153,522
+10%
$200,602
+20%
$247,682
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-808352
Dirt · Full utilities
615.2Jul 27, 2026$476,3007747515.5 mi
88
NM-698693
Dirt · Power at road
787.6Jul 27, 2026$561,80071391017.2 mi
80
NM-107427
Dirt · Off grid
314.8Jul 27, 2026$230,00073183211.3 mi
72
NM-739785
Dirt · Off grid
1737.2Oct 31, 2024$422,9002435022.5 mi
65
NM-649081
Gravel · Off grid
1043.2May 28, 2025$453,70043564317.2 mi
64
NM-529906
Dirt · Power at road
1896.4Nov 26, 2024$840,7004437967.4 mi
62
Show adjustment detail for the top comp
  • Tract size (615.2 ac → 684.82 ac)-3.2%

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.