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Grant County, NM · Sold

NM-808352

5380 County Road 235

$471,100
$766/ac · 615 ac
Acreage615 ac
Price per acre$766/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyMixed
ListedApr 19, 2026
Coordinates32.6458, -108.2435
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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

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

No material red flags on the mapped layers.

Risk index
9
Low risk
Wetlands8.8% of tract

Little to no mapped wetland coverage.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,154 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area533.01 of 615.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$454,577
$362,973$546,181 · $739/ac on 615 ac
Asking vs estimate
+3.6%
In line with 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 $471,100
Maximum allowable offer
$259,758
$422/ac · +30.0% target margin

You need $211,342 off asking to hit this margin.

All-in cost$281,837
Net resale$418,211
Projected profit$136,374
ROI+48.4%
Annualized+69.3%
Break-even resale$498/ac
Profit if resale lands off target
-20%
$52,731
-10%
$94,553
0%
$136,374
+10%
$178,195
+20%
$220,016
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-678500
Dirt · Full utilities
684.8Apr 23, 2026$398,8005826105.5 mi
86
NM-698693
Dirt · Power at road
787.6Jul 27, 2026$561,80071394121.5 mi
76
NM-107427
Dirt · Off grid
314.8Jul 27, 2026$230,00073186013.4 mi
73
NM-649081
Gravel · Off grid
1043.2May 28, 2025$453,70043566421.5 mi
64
NM-529906
Dirt · Power at road
1896.4Nov 26, 2024$840,70044382310.1 mi
63
NM-739785
Dirt · Off grid
1737.2Oct 31, 2024$422,9002435195.9 mi
61
Show adjustment detail for the top comp
  • Tract size (684.82 ac → 615.2 ac)+3.3%
  • Market time (4 mo)+1.3%

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.