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McKinley County, NM · Sold

NM-279931

4452 County Road 28

$393,500
$204/ac · 1,931 ac
Acreage1,931 ac
Price per acre$204/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedMar 17, 2026
Coordinates35.6434, -108.3028
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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

1 item to verify before you offer.

Risk index
33
Moderate risk
Wetlands8.6% of tract

Little to no mapped wetland coverage.

Average slope6.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power206 ft away

Power at or near the road.

Buildable area1676.70 of 1931.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$432,860
$346,248$519,472 · $224/ac on 1,931 ac
Asking vs estimate
-9.1%
Priced below the comp set

Weighted from 9 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 $393,500
Maximum allowable offer
$247,348
$128/ac · +30.0% target margin

You need $146,152 off asking to hit this margin.

All-in cost$268,373
Net resale$398,231
Projected profit$129,858
ROI+48.4%
Annualized+69.3%
Break-even resale$151/ac
Profit if resale lands off target
-20%
$50,212
-10%
$90,035
0%
$129,858
+10%
$169,681
+20%
$209,505
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-649831
Gravel · Off grid
1796.1May 10, 2026$359,50020015815.2 mi
81
NM-508967
Dirt · Off grid
960.5Jul 27, 2026$372,20038829014.0 mi
74
NM-548879
Gravel · Off grid
901.2Jun 24, 2026$316,2003512237.6 mi
71
NM-289359
Dirt · Off grid
1275.9Apr 18, 2025$374,8002942536.4 mi
68
NM-129173
Dirt · Power at road
1115.1Mar 23, 2025$261,0002341657.3 mi
67
NM-788612
Landlocked · Off grid
742.7May 31, 2025$222,70030027513.1 mi
65
NM-668849
Landlocked · Off grid
881.8Jun 11, 2025$203,00023022212.8 mi
64
NM-789052
Gravel · Full utilities
1021.5Apr 4, 2025$409,30040119310.7 mi
62
NM-258457
Gravel · Off grid
663.8May 21, 2025$271,20040924712.2 mi
57
Show adjustment detail for the top comp
  • Tract size (1796.08 ac → 1931.02 ac)-2.3%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (3 mo)+1.1%

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.