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Grant County, NM · Sold

NM-855045

981 County Road 317

$82,400
$1,470/ac · 56.05 ac
Acreage56.05 ac
Price per acre$1,470/ac
ZoningAgricultural
Road accessPaved
UtilitiesPower at road
TopographyFlat
ListedFeb 14, 2024
Coordinates32.7329, -108.4400
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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

3 items to verify before you offer.

Risk index
29
Low risk
Wetlands29.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,462 ft of deeded road frontage.

Power180 ft away

Power at or near the road.

Buildable area37.75 of 56.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$98,789
$78,852$118,725 · $1,763/ac on 56.05 ac
Asking vs estimate
-16.6%
Priced below the comp set

Weighted from 7 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 $82,400
Maximum allowable offer
$56,451
$1,007/ac · +30.0% target margin

You need $25,949 off asking to hit this margin.

All-in cost$61,249
Net resale$90,885
Projected profit$29,636
ROI+48.4%
Annualized+69.2%
Break-even resale$1,188/ac
Profit if resale lands off target
-20%
$11,459
-10%
$20,548
0%
$29,636
+10%
$38,725
+20%
$47,813
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-394888
Dirt · Off grid
50.0Jul 27, 2026$56,5001,1291,7848.3 mi
86
NM-805334
Dirt · Power at road
69.1May 10, 2025$47,6006891,04211.9 mi
75
NM-107427
Dirt · Off grid
314.8Jul 27, 2026$230,0007311,8432.5 mi
67
NM-911708
Gravel · Power at road
5.0Mar 18, 2026$11,8002,3572,1224.5 mi
61
NM-633104
Landlocked · Power at road
13.7Nov 21, 2024$17,7001,2861,92712.9 mi
59
NM-808352
Dirt · Full utilities
615.2Jul 27, 2026$476,3007741,66312.9 mi
57
NM-921767
Paved · Full utilities
5.2Jun 4, 2025$17,4003,3372,1588.9 mi
53
Show adjustment detail for the top comp
  • Tract size (50.03 ac → 56.05 ac)-2.3%
  • Access (Dirt → Paved)+37.2%
  • 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.