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Grant County, NM · Sold

NM-633104

5006 County Road 340

$18,100
$1,317/ac · 13.74 ac
Acreage13.74 ac
Price per acre$1,317/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedMar 26, 2024
Coordinates32.8454, -108.2620
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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
67
High risk
Wetlands44.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power136 ft away

Power at or near the road.

Buildable area7.30 of 13.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$17,082
$13,042$21,122 · $1,243/ac on 13.74 ac
Asking vs estimate
+6.0%
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 $18,100
Maximum allowable offer
$9,761
$710/ac · +30.0% target margin

You need $8,339 off asking to hit this margin.

All-in cost$10,591
Net resale$15,715
Projected profit$5,125
ROI+48.4%
Annualized+69.3%
Break-even resale$838/ac
Profit if resale lands off target
-20%
$1,982
-10%
$3,553
0%
$5,125
+10%
$6,696
+20%
$8,268
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-394888
Dirt · Off grid
50.0Jul 27, 2026$56,5001,1291,27713.9 mi
68
NM-805334
Dirt · Power at road
69.1May 10, 2025$47,6006897462.3 mi
65
NM-911708
Gravel · Power at road
5.0Mar 18, 2026$11,8002,3571,51813.9 mi
65
NM-921767
Paved · Full utilities
5.2Jun 4, 2025$17,4003,3371,5448.0 mi
61
NM-855045
Paved · Power at road
56.0Apr 26, 2024$81,2001,4481,13712.9 mi
57
Show adjustment detail for the top comp
  • Tract size (50.03 ac → 13.74 ac)+21.3%
  • Access (Dirt → Landlocked)-20.9%
  • 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.