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McKinley County, NM · Sold

NM-647401

8634 County Road 248

$216,800
$702/ac · 309 ac
Acreage309 ac
Price per acre$702/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedJul 23, 2024
Coordinates35.6733, -108.3437
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

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands4.2% of tract

Little to no mapped wetland coverage.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,169 ft of deeded road frontage.

Power22 ft away

Power at or near the road.

Buildable area281.13 of 308.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$188,212
$153,118$223,307 · $609/ac on 309 ac
Asking vs estimate
+15.2%
Priced above 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 $216,800
Maximum allowable offer
$107,550
$348/ac · +30.0% target margin

You need $109,250 off asking to hit this margin.

All-in cost$116,692
Net resale$173,155
Projected profit$56,464
ROI+48.4%
Annualized+69.2%
Break-even resale$411/ac
Profit if resale lands off target
-20%
$21,833
-10%
$39,148
0%
$56,464
+10%
$73,779
+20%
$91,095
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-208186
Dirt · Power at road
545.5Jul 27, 2026$146,20026837016.3 mi
77
NM-358144
Gravel · Power at road
529.1Jul 27, 2026$266,00050359117.4 mi
75
NM-548879
Gravel · Off grid
901.2Jun 24, 2026$316,20035157410.7 mi
69
NM-508967
Dirt · Off grid
960.5Jul 27, 2026$372,20038874917.1 mi
68
NM-197149
Dirt · Off grid
257.4Nov 25, 2024$87,70034147416.0 mi
65
NM-177146
Landlocked · Power at road
256.8Mar 16, 2024$107,60041964416.7 mi
65
NM-615712
Paved · Power at road
90.9Apr 11, 2026$98,8001,08867211.0 mi
64
NM-505987
Landlocked · Full utilities
110.9May 26, 2026$79,00071365514.1 mi
64
NM-406945
Dirt · Full utilities
222.0Dec 24, 2024$168,70076070417.0 mi
63
NM-788612
Landlocked · Off grid
742.7May 31, 2025$222,70030071015.2 mi
62
Show adjustment detail for the top comp
  • Tract size (545.49 ac → 308.9 ac)+18.5%
  • Access (Dirt → Gravel)+16.3%

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.