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McKinley County, NM · Sold

NM-129173

5064 County Road 340

$300,700
$270/ac · 1,115 ac
Acreage1,115 ac
Price per acre$270/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedDec 23, 2024
Coordinates35.5470, -108.2506
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

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

3 items to verify before you offer.

Risk index
27
Low risk
Wetlands5.0% of tract

Little to no mapped wetland coverage.

Average slope18.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power23 ft away

Power at or near the road.

Buildable area847.47 of 1115.09 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$365,153
$295,093$435,212 · $327/ac on 1,115 ac
Asking vs estimate
-17.7%
Priced below the comp set

Weighted from 10 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 $300,700
Maximum allowable offer
$208,659
$187/ac · +30.0% target margin

You need $92,041 off asking to hit this margin.

All-in cost$226,395
Net resale$335,940
Projected profit$109,545
ROI+48.4%
Annualized+69.2%
Break-even resale$221/ac
Profit if resale lands off target
-20%
$42,357
-10%
$75,951
0%
$109,545
+10%
$143,139
+20%
$176,733
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-508967
Dirt · Off grid
960.5Jul 27, 2026$372,2003884367.7 mi
84
NM-289359
Dirt · Off grid
1275.9Apr 18, 2025$374,8002943813.5 mi
82
NM-548879
Gravel · Off grid
901.2Jun 24, 2026$316,2003513344.1 mi
82
NM-789052
Gravel · Full utilities
1021.5Apr 4, 2025$409,3004012913.4 mi
80
NM-208186
Dirt · Power at road
545.5Jul 27, 2026$146,2002682167.1 mi
78
NM-279931
Landlocked · Power at road
1931.0Jul 26, 2026$407,3002113187.3 mi
77
NM-358144
Gravel · Power at road
529.1Jul 27, 2026$266,0005033447.6 mi
75
NM-649831
Gravel · Off grid
1796.1May 10, 2026$359,5002002389.9 mi
73
NM-258457
Gravel · Off grid
663.8May 21, 2025$271,2004093706.7 mi
72
NM-668849
Landlocked · Off grid
881.8Jun 11, 2025$203,0002303346.4 mi
72
Show adjustment detail for the top comp
  • Tract size (960.51 ac → 1115.09 ac)-4.5%
  • 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.