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Mora County, NM · Sold

NM-988345

4701 County Road 236

$655,500
$1,071/ac · 612 ac
Acreage612 ac
Price per acre$1,071/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyRolling
ListedFeb 6, 2024
Coordinates35.8794, -105.0536
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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
15
Low risk
Wetlands13.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,997 ft of deeded road frontage.

Power170 ft away

Power at or near the road.

Buildable area501.82 of 612.09 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$682,333
$507,753$856,913 · $1,115/ac on 612 ac
Asking vs estimate
-3.9%
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 $655,500
Maximum allowable offer
$389,905
$637/ac · +30.0% target margin

You need $265,595 off asking to hit this margin.

All-in cost$423,047
Net resale$627,747
Projected profit$204,700
ROI+48.4%
Annualized+69.2%
Break-even resale$751/ac
Profit if resale lands off target
-20%
$79,150
-10%
$141,925
0%
$204,700
+10%
$267,474
+20%
$330,249
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-158698
Paved · Off grid
790.4Mar 11, 2026$683,0008641,1194.7 mi
81
NM-937986
Paved · Power at road
471.9Jan 4, 2026$400,50084980415.0 mi
75
NM-218803
Dirt · Full utilities
852.9Jul 27, 2026$428,80050362714.1 mi
75
NM-247472
Dirt · Off grid
325.2Jul 27, 2026$360,6001,1091,4858.4 mi
74
NM-169142
Gravel · Full utilities
1090.3Jul 27, 2026$1,221,8001,1211,2988.7 mi
74
NM-658923
Gravel · Power at road
930.4Jul 27, 2026$774,0008321,11917.7 mi
74
NM-269622
Dirt · Power at road
1543.7May 19, 2026$876,9005681,04913.7 mi
71
NM-539038
Gravel · Full utilities
1011.2Jul 27, 2026$858,90084996116.3 mi
71
NM-547166
Gravel · Full utilities
260.6Jun 20, 2025$544,1002,0881,6433.1 mi
70
NM-579841
Dirt · Power at road
1809.1Sep 16, 2025$966,7005341,0668.1 mi
64
Show adjustment detail for the top comp
  • Tract size (790.44 ac → 612.09 ac)+8.2%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (5 mo)+1.8%

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.