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Grant County, NM · Sold

NM-805334

2798 County Road 226

$56,700
$820/ac · 69.11 ac
Acreage69.11 ac
Price per acre$820/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedJul 31, 2024
Coordinates32.8125, -108.2586
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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
5
Low risk
Wetlands0.9% of tract

Little to no mapped wetland coverage.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,635 ft of deeded road frontage.

Power181 ft away

Power at or near the road.

Buildable area65.06 of 69.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$84,667
$77,894$91,440 · $1,225/ac on 69.11 ac
Asking vs estimate
-33.0%
Priced below the comp set

Weighted from 5 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 $56,700
Maximum allowable offer
$48,381
$700/ac · +30.0% target margin

You need $8,319 off asking to hit this margin.

All-in cost$52,493
Net resale$77,894
Projected profit$25,400
ROI+48.4%
Annualized+69.3%
Break-even resale$826/ac
Profit if resale lands off target
-20%
$9,822
-10%
$17,611
0%
$25,400
+10%
$33,190
+20%
$40,979
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-394888
Dirt · Off grid
50.0Jul 27, 2026$56,5001,1291,24314.2 mi
83
NM-855045
Paved · Power at road
56.0Apr 26, 2024$81,2001,4481,10611.9 mi
72
NM-107427
Dirt · Off grid
314.8Jul 27, 2026$230,0007311,28414.1 mi
64
NM-633104
Landlocked · Power at road
13.7Nov 21, 2024$17,7001,2861,3432.3 mi
63
NM-808352
Dirt · Full utilities
615.2Jul 27, 2026$476,3007741,15811.6 mi
62
Show adjustment detail for the top comp
  • Tract size (50.03 ac → 69.11 ac)-6.6%
  • Utilities (Off grid → Power at road)+17.6%

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.