NM-429788
1520 County Road 292
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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?
2 items to verify before you offer.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
Access by easement; pull and read the recorded document.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 6 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 $353,921 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-788764 Dirt · Off grid | 829.1 | Oct 29, 2025 | $235,900 | 285 | 377 | 6.3 mi | 67 |
| NM-868008 Dirt · Full utilities | 479.5 | Jul 27, 2026 | $290,900 | 607 | 459 | 8.5 mi | 66 |
| NM-279106 Gravel · Off grid | 1062.3 | Jul 20, 2024 | $373,700 | 352 | 455 | 10.8 mi | 62 |
| NM-128085 Dirt · Power at road | 507.0 | Feb 7, 2025 | $213,800 | 422 | 420 | 8.0 mi | 59 |
| NM-897868 Dirt · Off grid | 433.3 | Jul 13, 2024 | $192,900 | 445 | 509 | 5.6 mi | 55 |
| NM-837572 Dirt · Off grid | 349.6 | Feb 22, 2025 | $180,600 | 517 | 541 | 16.8 mi | 49 |
Show adjustment detail for the top comp
- Tract size (829.15 ac → 1741 ac)-20.7%
- Access (Dirt → Paved)+37.2%
- Utilities (Off grid → Power at road)+17.6%
- Market time (10 mo)+3.3%
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.