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Roosevelt County, NM · Sold

NM-309368

4059 County Road 62

$831,400
$647/ac · 1,284 ac
Acreage1,284 ac
Price per acre$647/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedOct 14, 2024
Coordinates34.0929, -103.3476
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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

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

View Roosevelt market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope20.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area723.56 of 1284.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$849,492
$706,107$992,876 · $661/ac on 1,284 ac
Asking vs estimate
-2.1%
In line with the comp set

Weighted from 8 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 $831,400
Maximum allowable offer
$485,424
$378/ac · +30.0% target margin

You need $345,976 off asking to hit this margin.

All-in cost$526,685
Net resale$781,532
Projected profit$254,847
ROI+48.4%
Annualized+69.2%
Break-even resale$446/ac
Profit if resale lands off target
-20%
$98,541
-10%
$176,694
0%
$254,847
+10%
$333,000
+20%
$411,154
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-709072
Gravel · Off grid
1036.4Jul 27, 2026$750,0007246628.1 mi
84
NM-709331
Gravel · Full utilities
1250.3Jul 2, 2026$1,257,6001,00668215.1 mi
81
NM-739516
Gravel · Power at road
1429.6Jun 6, 2025$1,142,7007997202.5 mi
78
NM-459925
Paved · Off grid
1922.7Apr 19, 2026$1,223,7006366068.8 mi
74
NM-147948
Landlocked · Full utilities
459.1Jul 27, 2026$513,1001,11881611.0 mi
72
NM-698360
Paved · Power at road
618.8Jul 23, 2025$470,00076044510.5 mi
63
NM-567742
Gravel · Off grid
395.5Jun 30, 2025$298,40075553816.0 mi
59
NM-887984
Gravel · Power at road
471.2Oct 27, 2025$591,8001,25679115.7 mi
59
Show adjustment detail for the top comp
  • Tract size (1036.42 ac → 1284.28 ac)-6.5%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.