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Grant County, NM · Sold

NM-921767

784 County Road 162

$16,400
$3,142/ac · 5.22 ac
Acreage5.22 ac
Price per acre$3,142/ac
ZoningRecreational
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedJan 29, 2025
Coordinates32.8576, -108.3999
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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
25
Low risk
Wetlands14.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area4.24 of 5.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$16,534
$14,122$18,947 · $3,168/ac on 5.22 ac
Asking vs estimate
-0.8%
In line with 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 $16,400
Maximum allowable offer
$9,448
$1,810/ac · +30.0% target margin

You need $6,952 off asking to hit this margin.

All-in cost$10,251
Net resale$15,212
Projected profit$4,961
ROI+48.4%
Annualized+69.3%
Break-even resale$2,135/ac
Profit if resale lands off target
-20%
$1,918
-10%
$3,439
0%
$4,961
+10%
$6,482
+20%
$8,003
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-911708
Gravel · Power at road
5.0Mar 18, 2026$11,8002,3573,4457.3 mi
80
NM-160586
Gravel · Off grid
2.2Jul 10, 2025$4,4001,9873,4224.9 mi
64
NM-600061
Dirt · Full utilities
1.5Aug 16, 2025$2,5001,6412,26410.4 mi
64
NM-490628
Paved · Power at road
2.3Sep 12, 2024$6,3002,7393,5136.6 mi
63
NM-633104
Landlocked · Power at road
13.7Nov 21, 2024$17,7001,2863,1308.0 mi
58
Show adjustment detail for the top comp
  • Access (Gravel → Paved)+18.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (5 mo)+1.7%

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.