NM-996021
5693 County Road 397
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.
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?
1 item to verify before you offer.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Outside the mapped floodplain.
No legal access of record — resale is severely limited.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $15,056 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-595465 Dirt · Power at road | 76.0 | Jul 27, 2026 | $60,600 | 797 | 573 | 16.3 mi | 75 |
| NM-476366 Gravel · Off grid | 145.9 | Jul 27, 2026 | $80,000 | 548 | 469 | 16.4 mi | 75 |
| NM-265866 Landlocked · Off grid | 101.6 | Dec 15, 2024 | $42,300 | 416 | 509 | 15.8 mi | 74 |
| NM-965496 Gravel · Full utilities | 77.7 | Dec 18, 2025 | $94,800 | 1,220 | 637 | 13.1 mi | 74 |
| NM-717247 Dirt · Full utilities | 276.3 | May 19, 2026 | $208,800 | 756 | 630 | 4.7 mi | 71 |
| NM-156586 Landlocked · Power at road | 171.2 | Aug 31, 2025 | $75,500 | 441 | 511 | 16.3 mi | 70 |
| NM-566080 Gravel · Power at road | 118.6 | Sep 19, 2024 | $104,900 | 885 | 657 | 17.1 mi | 69 |
| NM-484386 Landlocked · Off grid | 34.8 | Jun 19, 2025 | $14,900 | 429 | 411 | 6.3 mi | 67 |
| NM-215056 Landlocked · Full utilities | 56.5 | Mar 13, 2025 | $28,300 | 500 | 369 | 7.7 mi | 66 |
| NM-705001 Dirt · Off grid | 54.3 | Dec 13, 2025 | $46,200 | 850 | 686 | 11.9 mi | 65 |
Show adjustment detail for the top comp
- Tract size (75.98 ac → 113.67 ac)-9.3%
- Access (Dirt → Landlocked)-20.9%
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.