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Mora County, NM · Sold

NM-547166

9403 County Road 173

$533,400
$2,047/ac · 261 ac
Acreage261 ac
Price per acre$2,047/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedMay 8, 2025
Coordinates35.9232, -105.0434
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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
Wetlands27.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

3,714 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area179.21 of 260.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$372,220
$285,068$459,371 · $1,429/ac on 261 ac
Asking vs estimate
+43.3%
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 $533,400
Maximum allowable offer
$212,697
$816/ac · +30.0% target margin

You need $320,703 off asking to hit this margin.

All-in cost$230,776
Net resale$342,442
Projected profit$111,666
ROI+48.4%
Annualized+69.2%
Break-even resale$963/ac
Profit if resale lands off target
-20%
$43,177
-10%
$77,422
0%
$111,666
+10%
$145,910
+20%
$180,154
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-247472
Dirt · Off grid
325.2Jul 27, 2026$360,6001,1091,9787.1 mi
80
NM-256447
Gravel · Power at road
154.8Jul 27, 2026$253,1001,6351,73015.6 mi
74
NM-686954
Paved · Full utilities
223.4Nov 9, 2024$412,9001,8481,61011.1 mi
70
NM-158698
Paved · Off grid
790.4Mar 11, 2026$683,0008641,4921.7 mi
69
NM-988345
Paved · Power at road
612.1Jan 12, 2025$672,5001,0991,5623.1 mi
68
NM-218803
Dirt · Full utilities
852.9Jul 27, 2026$428,80050383611.5 mi
67
NM-937986
Paved · Power at road
471.9Jan 4, 2026$400,5008491,07212.6 mi
67
NM-406873
Paved · Off grid
210.7May 12, 2024$249,6001,1841,48512.4 mi
65
NM-656391
Paved · Power at road
148.6Sep 22, 2024$170,6001,1481,0976.1 mi
64
NM-165779
Paved · Power at road
95.4Jan 20, 2025$140,0001,4681,2368.8 mi
58
Show adjustment detail for the top comp
  • Tract size (325.2 ac → 260.55 ac)+6.6%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Full utilities)+43.5%

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.