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Mora County, NM · Sold

NM-624787

7389 County Road 246

$69,300
$1,490/ac · 46.50 ac
Acreage46.50 ac
Price per acre$1,490/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedFeb 19, 2026
Coordinates35.9484, -104.9494
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

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

View Mora market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
23
Low risk
Wetlands10.4% of tract

Little to no mapped wetland coverage.

Average slope7.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,262 ft of deeded road frontage.

Power10,400 ft away

A long utility run — price in solar/off-grid instead.

Buildable area39.58 of 46.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$66,776
$55,349$78,204 · $1,436/ac on 46.50 ac
Asking vs estimate
+3.8%
In line with 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 $69,300
Maximum allowable offer
$38,158
$821/ac · +30.0% target margin

You need $31,142 off asking to hit this margin.

All-in cost$41,401
Net resale$61,434
Projected profit$20,033
ROI+48.4%
Annualized+69.2%
Break-even resale$968/ac
Profit if resale lands off target
-20%
$7,746
-10%
$13,889
0%
$20,033
+10%
$26,176
+20%
$32,320
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-894343
Dirt · Off grid
33.7Jul 19, 2026$44,1001,3081,2376.1 mi
84
NM-293823
Landlocked · Off grid
23.1Jul 27, 2026$27,7001,1961,3493.3 mi
78
NM-724666
Landlocked · Off grid
42.6Jun 26, 2025$59,4001,3961,8196.9 mi
77
NM-593800
Gravel · Power at road
22.8Jul 27, 2026$58,6002,5741,6745.8 mi
74
NM-984823
Landlocked · Full utilities
47.7Aug 19, 2024$78,1001,6371,5715.1 mi
73
NM-256447
Gravel · Power at road
154.8Jul 27, 2026$253,1001,6351,58910.6 mi
71
NM-843718
Gravel · Off grid
21.4Oct 1, 2025$39,6001,8461,4508.2 mi
67
NM-165779
Paved · Power at road
95.4Jan 20, 2025$140,0001,4681,1354.7 mi
64
NM-656391
Paved · Power at road
148.6Sep 22, 2024$170,6001,1481,0071.8 mi
60
Show adjustment detail for the top comp
  • Tract size (33.71 ac → 46.5 ac)-5.7%

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.