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Roosevelt County, NM · Sold

NM-453802

8655 County Road 224

$60,000
$2,634/ac · 22.78 ac
Acreage22.78 ac
Price per acre$2,634/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedFeb 29, 2024
Coordinates34.0014, -103.5771
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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

4 items to verify before you offer.

Risk index
18
Low risk
Wetlands14.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

533 ft of deeded road frontage.

Power2,070 ft away

Service extension needed; get a utility quote.

Buildable area18.48 of 22.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$36,677
$30,152$43,203 · $1,610/ac on 22.78 ac
Asking vs estimate
+63.6%
Priced above 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 $60,000
Maximum allowable offer
$20,959
$920/ac · +30.0% target margin

You need $39,041 off asking to hit this margin.

All-in cost$22,741
Net resale$33,743
Projected profit$11,003
ROI+48.4%
Annualized+69.2%
Break-even resale$1,085/ac
Profit if resale lands off target
-20%
$4,254
-10%
$7,628
0%
$11,003
+10%
$14,377
+20%
$17,751
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-483904
Dirt · Full utilities
24.5Jan 2, 2026$38,6001,5751,3239.3 mi
77
NM-262669
Gravel · Power at road
10.0Jul 27, 2026$16,6001,6551,2906.1 mi
75
NM-702767
Gravel · Power at road
10.8Jul 27, 2026$18,3001,7041,3378.9 mi
74
NM-474869
Gravel · Full utilities
49.3Jul 23, 2026$128,4002,6032,07110.4 mi
73
NM-305349
Dirt · Full utilities
69.9Mar 22, 2026$104,2001,4911,5064.0 mi
72
NM-352355
Gravel · Power at road
8.0Jul 27, 2026$17,3002,1691,66310.9 mi
70
NM-185284
Dirt · Off grid
66.7Nov 7, 2025$90,5001,3571,9771.3 mi
69
NM-222311
Paved · Power at road
7.7Jul 27, 2026$21,2002,7421,77812.5 mi
66
Show adjustment detail for the top comp
  • Tract size (24.53 ac → 22.78 ac)+1.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (7 mo)+2.6%

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.