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Roosevelt County, NM · Sold

NM-266780

8659 County Road 11

$120,800
$613/ac · 197 ac
Acreage197 ac
Price per acre$613/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedOct 28, 2023
Coordinates34.0833, -103.5905
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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

5 items to verify before you offer.

Risk index
70
High risk
Wetlands38.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power7,628 ft away

A long utility run — price in solar/off-grid instead.

Buildable area115.09 of 196.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$167,768
$134,401$201,136 · $852/ac on 197 ac
Asking vs estimate
-28.0%
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 $120,800
Maximum allowable offer
$95,868
$487/ac · +30.0% target margin

You need $24,932 off asking to hit this margin.

All-in cost$104,017
Net resale$154,347
Projected profit$50,330
ROI+48.4%
Annualized+69.2%
Break-even resale$574/ac
Profit if resale lands off target
-20%
$19,461
-10%
$34,895
0%
$50,330
+10%
$65,765
+20%
$81,200
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-437405
Dirt · Power at road
309.8Apr 13, 2026$350,6001,1328781.6 mi
82
NM-217150
Gravel · Full utilities
257.5Jun 8, 2026$455,5001,7699113.2 mi
81
NM-796752
Gravel · Full utilities
193.0Oct 18, 2025$466,9002,4191,1795.5 mi
79
NM-147948
Landlocked · Full utilities
459.1Jul 27, 2026$513,1001,11899810.4 mi
72
NM-555668
Dirt · Off grid
88.0Jul 27, 2026$100,9001,14673710.3 mi
72
NM-305349
Dirt · Full utilities
69.9Mar 22, 2026$104,2001,4916421.7 mi
70
NM-185284
Dirt · Off grid
66.7Nov 7, 2025$90,5001,3578436.5 mi
70
NM-615618
Dirt · Power at road
84.9Jul 27, 2026$100,1001,17963911.1 mi
69
NM-887984
Gravel · Power at road
471.2Oct 27, 2025$591,8001,2569675.5 mi
66
NM-567742
Gravel · Off grid
395.5Jun 30, 2025$298,40075565710.5 mi
65
Show adjustment detail for the top comp
  • Tract size (309.8 ac → 196.99 ac)+13.8%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (4 mo)+1.4%

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.