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Roosevelt County, NM · Sold

NM-437405

9438 County Road 315

$375,800
$1,213/ac · 310 ac
Acreage310 ac
Price per acre$1,213/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedMar 10, 2025
Coordinates34.0606, -103.5823
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

2 items to verify before you offer.

Risk index
20
Low risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope11.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power246 ft away

Power at or near the road.

Buildable area278.71 of 309.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$340,141
$257,683$422,599 · $1,098/ac on 310 ac
Asking vs estimate
+10.5%
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 $375,800
Maximum allowable offer
$194,366
$627/ac · +30.0% target margin

You need $181,434 off asking to hit this margin.

All-in cost$210,887
Net resale$312,929
Projected profit$102,042
ROI+48.4%
Annualized+69.2%
Break-even resale$740/ac
Profit if resale lands off target
-20%
$39,456
-10%
$70,749
0%
$102,042
+10%
$133,335
+20%
$164,628
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-217150
Gravel · Full utilities
257.5Jun 8, 2026$455,5001,7691,1914.4 mi
81
NM-147948
Landlocked · Full utilities
459.1Jul 27, 2026$513,1001,1181,3058.9 mi
77
NM-887984
Gravel · Power at road
471.2Oct 27, 2025$591,8001,2561,2644.0 mi
75
NM-796752
Gravel · Full utilities
193.0Oct 18, 2025$466,9002,4191,5423.9 mi
72
NM-266780
Landlocked · Off grid
197.0Jun 22, 2024$109,3005557911.6 mi
72
NM-567742
Gravel · Off grid
395.5Jun 30, 2025$298,4007558598.9 mi
71
NM-709072
Gravel · Off grid
1036.4Jul 27, 2026$750,0007241,0585.7 mi
68
NM-698360
Paved · Power at road
618.8Jul 23, 2025$470,00076071113.8 mi
68
Show adjustment detail for the top comp
  • Tract size (257.54 ac → 309.8 ac)-5.2%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (2 mo)+0.8%

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.