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Grant County, NM · Sold

NM-739785

4335 County Road 351

$436,000
$251/ac · 1,737 ac
Acreage1,737 ac
Price per acre$251/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedSep 5, 2023
Coordinates32.7095, -108.3109
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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

4 items to verify before you offer.

Risk index
43
Moderate risk
Wetlands40.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

6,936 ft of deeded road frontage.

Power3,008 ft away

Service extension needed; get a utility quote.

Buildable area990.22 of 1737.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$669,728
$567,367$772,089 · $386/ac on 1,737 ac
Asking vs estimate
-34.9%
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 $436,000
Maximum allowable offer
$382,702
$220/ac · +30.0% target margin

You need $53,298 off asking to hit this margin.

All-in cost$415,232
Net resale$616,150
Projected profit$200,918
ROI+48.4%
Annualized+69.2%
Break-even resale$260/ac
Profit if resale lands off target
-20%
$77,688
-10%
$139,303
0%
$200,918
+10%
$262,533
+20%
$324,148
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-529906
Dirt · Power at road
1896.4Nov 26, 2024$840,7004434155.1 mi
76
NM-678500
Dirt · Full utilities
684.8Apr 23, 2026$398,8005823082.5 mi
74
NM-808352
Dirt · Full utilities
615.2Jul 27, 2026$476,3007743925.9 mi
73
NM-698693
Dirt · Power at road
787.6Jul 27, 2026$561,80071347515.7 mi
70
NM-649081
Gravel · Off grid
1043.2May 28, 2025$453,70043533515.7 mi
64
Show adjustment detail for the top comp
  • Tract size (1896.37 ac → 1737.22 ac)+2.8%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (21 mo)+7.2%

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.