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Grant County, NM · Sold

NM-160586

8923 County Road 69

$4,800
$2,162/ac · 2.22 ac
Acreage2.22 ac
Price per acre$2,162/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedJun 5, 2024
Coordinates32.7986, -108.4468
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

3 items to verify before you offer.

Risk index
17
Low risk
Wetlands4.2% 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 accessDeeded frontage

330 ft of deeded road frontage.

Power4,520 ft away

Service extension needed; get a utility quote.

Buildable area1.70 of 2.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,279
$3,618$4,939 · $1,927/ac on 2.22 ac
Asking vs estimate
+12.2%
Priced above 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 $4,800
Maximum allowable offer
$2,445
$1,101/ac · +30.0% target margin

You need $2,355 off asking to hit this margin.

All-in cost$2,653
Net resale$3,936
Projected profit$1,283
ROI+48.4%
Annualized+69.2%
Break-even resale$1,299/ac
Profit if resale lands off target
-20%
$496
-10%
$890
0%
$1,283
+10%
$1,677
+20%
$2,071
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-490628
Paved · Power at road
2.3Sep 12, 2024$6,3002,7392,1344.3 mi
74
NM-911708
Gravel · Power at road
5.0Mar 18, 2026$11,8002,3572,0932.7 mi
74
NM-600061
Dirt · Full utilities
1.5Aug 16, 2025$2,5001,6411,3755.8 mi
71
NM-921767
Paved · Full utilities
5.2Jun 4, 2025$17,4003,3372,1294.9 mi
64
NM-633104
Landlocked · Power at road
13.7Nov 21, 2024$17,7001,2861,90111.2 mi
50
Show adjustment detail for the top comp
  • Access (Paved → Gravel)-15.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (23 mo)+8.1%

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.