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San Miguel County, NM · Sold

NM-844281

7883 County Road 379

$29,900
$928/ac · 32.23 ac
Acreage32.23 ac
Price per acre$928/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedNov 20, 2023
Coordinates35.3848, -104.8458
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

San Miguel County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View San Miguel market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
11
Low risk
Wetlands0.7% of tract

Little to no mapped wetland coverage.

Average slope14.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,291 ft of deeded road frontage.

Power170 ft away

Power at or near the road.

Buildable area25.60 of 32.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$46,950
$37,096$56,803 · $1,457/ac on 32.23 ac
Asking vs estimate
-36.3%
Priced below the comp set

Weighted from 6 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 $29,900
Maximum allowable offer
$26,829
$832/ac · +30.0% target margin

You need $3,071 off asking to hit this margin.

All-in cost$29,109
Net resale$43,194
Projected profit$14,085
ROI+48.4%
Annualized+69.2%
Break-even resale$982/ac
Profit if resale lands off target
-20%
$5,446
-10%
$9,765
0%
$14,085
+10%
$18,404
+20%
$22,723
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-923964
Gravel · Full utilities
25.6Jan 29, 2026$37,7001,4711,18911.3 mi
76
NM-573763
Dirt · Power at road
22.1Jun 15, 2026$22,3001,0061,11315.5 mi
75
NM-305526
Landlocked · Power at road
79.4Sep 6, 2024$63,9008041,5324.7 mi
67
NM-712901
Dirt · Power at road
11.9Sep 18, 2024$20,9001,7641,9511.9 mi
63
NM-145383
Gravel · Power at road
71.6Jun 29, 2025$103,3001,4431,76818.8 mi
63
NM-105193
Dirt · Full utilities
62.4Nov 23, 2024$69,6001,1151,29310.3 mi
61
Show adjustment detail for the top comp
  • Tract size (25.61 ac → 32.23 ac)-3.5%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (7 mo)+2.3%

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.