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Rio Arriba County, NM · Sold

NM-705001

1501 County Road 28

$46,300
$853/ac · 54.29 ac
Acreage54.29 ac
Price per acre$853/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedNov 11, 2024
Coordinates36.5510, -106.8588
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

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

1 item to verify before you offer.

Risk index
4
Low risk
Wetlands1.9% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,196 ft of deeded road frontage.

Power1,972 ft away

Service extension needed; get a utility quote.

Buildable area50.60 of 54.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$35,939
$29,150$42,728 · $662/ac on 54.29 ac
Asking vs estimate
+28.8%
Priced above 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 $46,300
Maximum allowable offer
$20,537
$378/ac · +30.0% target margin

You need $25,763 off asking to hit this margin.

All-in cost$22,283
Net resale$33,064
Projected profit$10,781
ROI+48.4%
Annualized+69.2%
Break-even resale$446/ac
Profit if resale lands off target
-20%
$4,169
-10%
$7,475
0%
$10,781
+10%
$14,088
+20%
$17,394
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-215056
Landlocked · Full utilities
56.5Mar 13, 2025$28,3005004714.6 mi
80
NM-595465
Dirt · Power at road
76.0Jul 27, 2026$60,60079773118.7 mi
75
NM-133800
Paved · Off grid
22.8Jul 27, 2026$31,2001,37186210.0 mi
72
NM-965496
Gravel · Full utilities
77.7Dec 18, 2025$94,8001,22081317.1 mi
68
NM-476366
Gravel · Off grid
145.9Jul 27, 2026$80,00054859817.8 mi
66
NM-484386
Landlocked · Off grid
34.8Jun 19, 2025$14,90042952317.4 mi
65
NM-996021
Landlocked · Power at road
113.7Dec 24, 2025$47,90042155111.9 mi
65
NM-933558
Dirt · Power at road
19.1Jul 30, 2025$19,4001,01475718.7 mi
63
NM-156586
Landlocked · Power at road
171.2Aug 31, 2025$75,50044165113.4 mi
62
NM-434187
Dirt · Power at road
30.1Nov 9, 2024$24,70082067215.2 mi
62
Show adjustment detail for the top comp
  • Tract size (56.5 ac → 54.29 ac)+0.8%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (17 mo)+6.0%

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.