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Mora County, NM · Sold

NM-609947

8701 County Road 28

$1,181,200
$605/ac · 1,954 ac
Acreage1,954 ac
Price per acre$605/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedMay 25, 2025
Coordinates36.0286, -104.9844
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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

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

3 items to verify before you offer.

Risk index
28
Low risk
Wetlands28.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

5,819 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area1336.22 of 1953.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,566,400
$1,211,392$1,921,408 · $802/ac on 1,954 ac
Asking vs estimate
-24.6%
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 $1,181,200
Maximum allowable offer
$895,086
$458/ac · +30.0% target margin

You need $286,114 off asking to hit this margin.

All-in cost$971,168
Net resale$1,441,088
Projected profit$469,919
ROI+48.4%
Annualized+69.2%
Break-even resale$540/ac
Profit if resale lands off target
-20%
$181,702
-10%
$325,811
0%
$469,919
+10%
$614,028
+20%
$758,137
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-169142
Gravel · Full utilities
1090.3Jul 27, 2026$1,221,8001,1219353.1 mi
87
NM-579841
Dirt · Power at road
1809.1Sep 16, 2025$966,7005347683.6 mi
83
NM-269622
Dirt · Power at road
1543.7May 19, 2026$876,9005687563.1 mi
81
NM-658923
Gravel · Power at road
930.4Jul 27, 2026$774,0008328078.2 mi
80
NM-539038
Gravel · Full utilities
1011.2Jul 27, 2026$858,9008496937.7 mi
78
NM-218803
Dirt · Full utilities
852.9Jul 27, 2026$428,8005034524.8 mi
75
NM-959574
Landlocked · Off grid
1491.0Aug 2, 2024$842,4005651,1895.5 mi
68
NM-158698
Paved · Off grid
790.4Mar 11, 2026$683,0008648076.7 mi
67
NM-988345
Paved · Power at road
612.1Jan 12, 2025$672,5001,09984511.0 mi
55
Show adjustment detail for the top comp
  • Tract size (1090.33 ac → 1953.54 ac)-16.7%

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.