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Roosevelt County, NM · Sold

NM-821117

6408 County Road 356

$5,400
$1,656/ac · 3.26 ac
Acreage3.26 ac
Price per acre$1,656/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedNov 23, 2024
Coordinates33.9245, -103.5337
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

4 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands12.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power152 ft away

Power at or near the road.

Buildable area2.71 of 3.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,722
$4,134$5,310 · $1,448/ac on 3.26 ac
Asking vs estimate
+14.4%
Priced above the comp set

Weighted from 7 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 $5,400
Maximum allowable offer
$2,698
$828/ac · +30.0% target margin

You need $2,702 off asking to hit this margin.

All-in cost$2,927
Net resale$4,344
Projected profit$1,417
ROI+48.4%
Annualized+69.3%
Break-even resale$976/ac
Profit if resale lands off target
-20%
$548
-10%
$982
0%
$1,417
+10%
$1,851
+20%
$2,286
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-151167
Landlocked · Off grid
3.4Jul 27, 2026$4,7001,4001,6527.5 mi
87
NM-371571
Gravel · Power at road
4.5Jul 27, 2026$9,9002,1921,5123.4 mi
83
NM-702767
Gravel · Power at road
10.8Jul 27, 2026$18,3001,7041,24010.4 mi
72
NM-222311
Paved · Power at road
7.7Jul 27, 2026$21,2002,7421,64910.5 mi
71
NM-352355
Gravel · Power at road
8.0Jul 27, 2026$17,3002,1691,54213.9 mi
70
NM-262669
Gravel · Power at road
10.0Jul 27, 2026$16,6001,6551,1969.0 mi
69
NM-151693
Gravel · Off grid
4.9Feb 14, 2025$7,3001,4801,2798.4 mi
66
Show adjustment detail for the top comp
  • Utilities (Off grid → Power at road)+17.6%

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.