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Rio Arriba County, NM · Sold

NM-215056

9017 County Road 232

$34,000
$602/ac · 56.50 ac
Acreage56.50 ac
Price per acre$602/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyWooded
ListedMar 5, 2024
Coordinates36.5108, -106.7921
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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

Rio Arriba County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Rio Arriba market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands11.5% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area47.50 of 56.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$44,938
$37,231$52,644 · $795/ac on 56.50 ac
Asking vs estimate
-24.3%
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 $34,000
Maximum allowable offer
$25,679
$454/ac · +30.0% target margin

You need $8,321 off asking to hit this margin.

All-in cost$27,862
Net resale$41,343
Projected profit$13,481
ROI+48.4%
Annualized+69.2%
Break-even resale$536/ac
Profit if resale lands off target
-20%
$5,212
-10%
$9,347
0%
$13,481
+10%
$17,615
+20%
$21,750
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-705001
Dirt · Off grid
54.3Dec 13, 2025$46,2008509844.6 mi
85
NM-595465
Dirt · Power at road
76.0Jul 27, 2026$60,60079782315.4 mi
75
NM-965496
Gravel · Full utilities
77.7Dec 18, 2025$94,8001,22091513.2 mi
72
NM-133800
Paved · Off grid
22.8Jul 27, 2026$31,2001,3719706.3 mi
71
NM-996021
Landlocked · Power at road
113.7Dec 24, 2025$47,9004216217.7 mi
70
NM-484386
Landlocked · Off grid
34.8Jun 19, 2025$14,90042958912.8 mi
67
NM-476366
Gravel · Off grid
145.9Jul 27, 2026$80,00054867314.8 mi
67
NM-156586
Landlocked · Power at road
171.2Aug 31, 2025$75,50044173311.8 mi
66
NM-265866
Landlocked · Off grid
101.6Dec 15, 2024$42,30041673112.1 mi
64
NM-933558
Dirt · Power at road
19.1Jul 30, 2025$19,4001,01485214.2 mi
62
Show adjustment detail for the top comp
  • Tract size (54.29 ac → 56.5 ac)-0.8%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (8 mo)+2.8%

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.