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Grant County, NM · Sold

NM-529906

8474 County Road 38

$780,600
$412/ac · 1,896 ac
Acreage1,896 ac
Price per acre$412/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedApr 14, 2024
Coordinates32.7117, -108.3977
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

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope10.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

9,872 ft of deeded road frontage.

Power118 ft away

Power at or near the road.

Buildable area1697.06 of 1896.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$769,278
$607,938$930,618 · $406/ac on 1,896 ac
Asking vs estimate
+1.5%
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 $780,600
Maximum allowable offer
$439,587
$232/ac · +30.0% target margin

You need $341,013 off asking to hit this margin.

All-in cost$476,952
Net resale$707,736
Projected profit$230,784
ROI+48.4%
Annualized+69.2%
Break-even resale$273/ac
Profit if resale lands off target
-20%
$89,237
-10%
$160,010
0%
$230,784
+10%
$301,557
+20%
$372,331
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-739785
Dirt · Off grid
1737.2Oct 31, 2024$422,9002433005.1 mi
76
NM-808352
Dirt · Full utilities
615.2Jul 27, 2026$476,30077444810.1 mi
74
NM-698693
Dirt · Power at road
787.6Jul 27, 2026$561,80071354311.8 mi
74
NM-678500
Dirt · Full utilities
684.8Apr 23, 2026$398,8005823527.4 mi
70
NM-649081
Gravel · Off grid
1043.2May 28, 2025$453,70043538411.9 mi
68
Show adjustment detail for the top comp
  • Tract size (1737.22 ac → 1896.37 ac)-2.7%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (21 mo)+7.5%

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.