← New search
San Miguel County, NM · Sold

NM-551016

1137 County Road 45

$4,200
$1,386/ac · 3.03 ac
Acreage3.03 ac
Price per acre$1,386/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedJun 18, 2024
Coordinates35.3603, -104.6484
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
18
Low risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope17.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

330 ft of deeded road frontage.

Power117 ft away

Power at or near the road.

Buildable area2.28 of 3.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,431
$3,379$5,484 · $1,462/ac on 3.03 ac
Asking vs estimate
-5.2%
Priced below 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 $4,200
Maximum allowable offer
$2,532
$836/ac · +30.0% target margin

You need $1,668 off asking to hit this margin.

All-in cost$2,747
Net resale$4,077
Projected profit$1,329
ROI+48.4%
Annualized+69.3%
Break-even resale$986/ac
Profit if resale lands off target
-20%
$514
-10%
$922
0%
$1,329
+10%
$1,737
+20%
$2,145
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-171458
Dirt · Off grid
4.2Apr 14, 2026$7,3001,7422,10213.1 mi
76
NM-540374
Paved · Power at road
1.9Jul 27, 2026$3,8001,9861,43516.4 mi
74
NM-881938
Paved · Off grid
5.9Jul 27, 2026$12,2002,0631,82113.7 mi
70
NM-601259
Paved · Power at road
3.6Apr 26, 2025$5,5001,5141,17016.5 mi
70
NM-722227
Dirt · Power at road
7.3Jan 5, 2025$7,7001,0591,1752.7 mi
69
NM-351889
Dirt · Off grid
5.7Oct 28, 2025$6,0001,0451,30320.5 mi
68
NM-361575
Landlocked · Power at road
4.5May 30, 2025$3,9008601,16011.5 mi
68
Show adjustment detail for the top comp
  • Tract size (4.17 ac → 3.03 ac)+1.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (4 mo)+1.4%

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.