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Roosevelt County, NM · Sold

NM-185284

460 County Road 378

$100,400
$1,506/ac · 66.65 ac
Acreage66.65 ac
Price per acre$1,506/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedFeb 20, 2025
Coordinates33.9929, -103.5577
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

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

6 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands12.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power11,744 ft away

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

Buildable area55.28 of 66.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$86,792
$65,533$108,050 · $1,302/ac on 66.65 ac
Asking vs estimate
+15.7%
Priced above the comp set

Weighted from 9 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 $100,400
Maximum allowable offer
$49,595
$744/ac · +30.0% target margin

You need $50,805 off asking to hit this margin.

All-in cost$53,811
Net resale$79,848
Projected profit$26,038
ROI+48.4%
Annualized+69.3%
Break-even resale$878/ac
Profit if resale lands off target
-20%
$10,068
-10%
$18,053
0%
$26,038
+10%
$34,023
+20%
$42,007
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-305349
Dirt · Full utilities
69.9Mar 22, 2026$104,2001,4911,0674.8 mi
85
NM-555668
Dirt · Off grid
88.0Jul 27, 2026$100,9001,1461,2258.2 mi
83
NM-615618
Dirt · Power at road
84.9Jul 27, 2026$100,1001,1791,06111.7 mi
81
NM-474869
Gravel · Full utilities
49.3Jul 23, 2026$128,4002,6031,4689.6 mi
77
NM-235618
Landlocked · Off grid
84.9Jun 14, 2025$84,7009981,3994.5 mi
75
NM-483904
Dirt · Full utilities
24.5Jan 2, 2026$38,6001,5759379.8 mi
70
NM-796752
Gravel · Full utilities
193.0Oct 18, 2025$466,9002,4191,9592.0 mi
66
NM-266780
Landlocked · Off grid
197.0Jun 22, 2024$109,3005551,0066.5 mi
63
NM-453802
Gravel · Off grid
22.8Jun 1, 2024$50,9002,2341,7301.3 mi
63
Show adjustment detail for the top comp
  • Tract size (69.86 ac → 66.65 ac)+1.1%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (5 mo)+1.7%

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.