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Mora County, NM · Sold

NM-843718

1051 County Road 323

$37,900
$1,769/ac · 21.43 ac
Acreage21.43 ac
Price per acre$1,769/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedSep 2, 2025
Coordinates35.9939, -104.8142
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

1 item to verify before you offer.

Risk index
10
Low risk
Wetlands7.0% of tract

Little to no mapped wetland coverage.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

656 ft of deeded road frontage.

Power2,742 ft away

Service extension needed; get a utility quote.

Buildable area18.93 of 21.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$41,699
$32,004$51,393 · $1,946/ac on 21.43 ac
Asking vs estimate
-9.1%
Priced below 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 $37,900
Maximum allowable offer
$23,828
$1,112/ac · +30.0% target margin

You need $14,072 off asking to hit this margin.

All-in cost$25,853
Net resale$38,363
Projected profit$12,509
ROI+48.4%
Annualized+69.2%
Break-even resale$1,311/ac
Profit if resale lands off target
-20%
$4,837
-10%
$8,673
0%
$12,509
+10%
$16,346
+20%
$20,182
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-623054
Paved · Off grid
13.3Jul 27, 2026$17,7001,3331,0713.0 mi
85
NM-293823
Landlocked · Off grid
23.1Jul 27, 2026$27,7001,1961,7818.2 mi
85
NM-593800
Gravel · Power at road
22.8Jul 27, 2026$58,6002,5742,2119.9 mi
85
NM-894343
Dirt · Off grid
33.7Jul 19, 2026$44,1001,3081,63313.5 mi
80
NM-624787
Dirt · Off grid
46.5Jul 27, 2026$67,9001,4611,9338.2 mi
74
NM-282179
Dirt · Power at road
7.0Jul 27, 2026$15,1002,1531,9205.4 mi
74
NM-253031
Landlocked · Power at road
13.0Sep 18, 2025$30,2002,3172,8395.4 mi
71
NM-292033
Paved · Power at road
6.3May 1, 2026$17,9002,8281,84514.9 mi
66
NM-724666
Landlocked · Off grid
42.6Jun 26, 2025$59,4001,3962,40110.9 mi
65
NM-984823
Landlocked · Full utilities
47.7Aug 19, 2024$78,1001,6372,0748.8 mi
63
Show adjustment detail for the top comp
  • Tract size (13.25 ac → 21.43 ac)-5.4%
  • Access (Paved → Gravel)-15.3%

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.