Mora County, NM · Sold

NM-658923

4764 County Road 192

$753,700

$810/ac · 930 ac

Offer report Market this tract

Acreage930 ac

Price per acre$810/ac

ZoningRecreational

Road accessGravel

UtilitiesPower at road

TopographyFlat

ListedOct 9, 2025

Coordinates36.0749, -104.8488

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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

1 item to verify before you offer.

Risk index

Low risk

Wetlands7.5% of tract

Little to no mapped wetland coverage.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power111 ft away

Power at or near the road.

Buildable area817.57 of 930.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$752,335

$552,299 – $952,370 · $809/ac on 930 ac

Asking vs estimate

+0.2%

In line with 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 $753,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$429,906

$462/ac · +30.0% target margin

You need $323,794 off asking to hit this margin.

All-in cost$466,448

Net resale$692,148

Projected profit$225,700

ROI+48.4%

Annualized+69.2%

Break-even resale$545/ac

Profit if resale lands off target

-20%

$87,270

-10%

$156,485

$225,700

+10%

$294,915

+20%

$364,129

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-539038 Gravel · Full utilities	1011.2	Jul 27, 2026	$858,900	849	716	2.0 mi	89
NM-169142 Gravel · Full utilities	1090.3	Jul 27, 2026	$1,221,800	1,121	967	9.2 mi	88
NM-218803 Dirt · Full utilities	852.9	Jul 27, 2026	$428,800	503	467	3.6 mi	85
NM-269622 Dirt · Power at road	1543.7	May 19, 2026	$876,900	568	781	5.2 mi	77
NM-158698 Paved · Off grid	790.4	Mar 11, 2026	$683,000	864	834	14.3 mi	74
NM-937986 Paved · Power at road	471.9	Jan 4, 2026	$400,500	849	599	3.2 mi	74
NM-609947 Gravel · Full utilities	1953.5	Jul 28, 2025	$1,232,000	631	681	8.2 mi	72
NM-247472 Dirt · Off grid	325.2	Jul 27, 2026	$360,600	1,109	1,106	10.8 mi	72
NM-579841 Dirt · Power at road	1809.1	Sep 16, 2025	$966,700	534	794	11.8 mi	70
NM-959574 Landlocked · Off grid	1491.0	Aug 2, 2024	$842,400	565	1,229	3.8 mi	66

Show adjustment detail for the top comp

Tract size (1011.2 ac → 930.38 ac)+2.6%
Utilities (Full utilities → Power at road)-18.0%

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.

Build the listing kit Post a deal or JV