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McKinley County, NM · Sold

NM-903402

5386 County Road 389

$22,400
$1,314/ac · 17.05 ac
Acreage17.05 ac
Price per acre$1,314/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedJul 15, 2025
Coordinates35.4704, -108.1500
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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

McKinley County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View McKinley market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands4.4% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

459 ft of deeded road frontage.

Power20 ft away

Power at or near the road.

Buildable area15.48 of 17.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$22,428
$16,587$28,270 · $1,315/ac on 17.05 ac
Asking vs estimate
-0.1%
In line with the comp set

Weighted from 6 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 $22,400
Maximum allowable offer
$12,816
$752/ac · +30.0% target margin

You need $9,584 off asking to hit this margin.

All-in cost$13,905
Net resale$20,634
Projected profit$6,729
ROI+48.4%
Annualized+69.3%
Break-even resale$886/ac
Profit if resale lands off target
-20%
$2,602
-10%
$4,665
0%
$6,729
+10%
$8,792
+20%
$10,856
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-633236
Gravel · Power at road
15.1Jul 27, 2026$18,3001,2121,41422.1 mi
82
NM-853201
Dirt · Off grid
14.7Oct 20, 2025$8,50057594514.3 mi
72
NM-163011
Dirt · Power at road
12.8Apr 24, 2024$15,8001,2301,7979.5 mi
67
NM-282584
Landlocked · Off grid
9.4Aug 12, 2025$4,60048497411.7 mi
65
NM-412374
Paved · Off grid
8.1May 28, 2024$11,5001,4231,71115.0 mi
58
NM-351738
Paved · Full utilities
5.1Feb 25, 2025$6,8001,3231,04817.9 mi
55
Show adjustment detail for the top comp
  • Tract size (15.12 ac → 17.05 ac)-1.3%
  • Access (Gravel → Paved)+18.0%

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.