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San Miguel County, NM · Sold

NM-707104

911 County Road 196

$139,200
$559/ac · 249 ac
Acreage249 ac
Price per acre$559/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedMar 6, 2025
Coordinates35.5178, -104.8640
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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

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

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands3.0% of tract

Little to no mapped wetland coverage.

Average slope12.0%

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.

Power7,558 ft away

A long utility run — price in solar/off-grid instead.

Buildable area229.55 of 249.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$188,761
$152,532$224,989 · $758/ac on 249 ac
Asking vs estimate
-26.3%
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 $139,200
Maximum allowable offer
$107,863
$433/ac · +30.0% target margin

You need $31,337 off asking to hit this margin.

All-in cost$117,031
Net resale$173,660
Projected profit$56,628
ROI+48.4%
Annualized+69.3%
Break-even resale$511/ac
Profit if resale lands off target
-20%
$21,896
-10%
$39,262
0%
$56,628
+10%
$73,994
+20%
$91,360
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-297269
Gravel · Power at road
280.7Feb 21, 2026$174,8006235593.3 mi
84
NM-646129
Dirt · Off grid
122.9Jul 27, 2026$84,5006876614.6 mi
81
NM-187153
Gravel · Power at road
258.1Dec 23, 2023$259,6001,0069609.2 mi
72
NM-186736
Gravel · Off grid
190.8Apr 6, 2024$134,6007067196.7 mi
71
NM-145383
Gravel · Power at road
71.6Jun 29, 2025$103,3001,44393013.7 mi
59
NM-305526
Landlocked · Power at road
79.4Sep 6, 2024$63,90080480611.6 mi
58
Show adjustment detail for the top comp
  • Tract size (280.73 ac → 249.1 ac)+3.5%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (6 mo)+2.0%

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.