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San Miguel County, NM · Sold

NM-305526

2646 County Road 36

$75,300
$948/ac · 79.42 ac
Acreage79.42 ac
Price per acre$948/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedAug 10, 2024
Coordinates35.3702, -104.7645
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

4 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands16.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.9%

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.

Power27 ft away

Power at or near the road.

Buildable area63.30 of 79.42 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$59,648
$46,239$73,058 · $751/ac on 79.42 ac
Asking vs estimate
+26.2%
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 $75,300
Maximum allowable offer
$34,085
$429/ac · +30.0% target margin

You need $41,215 off asking to hit this margin.

All-in cost$36,982
Net resale$54,876
Projected profit$17,894
ROI+48.4%
Annualized+69.2%
Break-even resale$506/ac
Profit if resale lands off target
-20%
$6,919
-10%
$12,407
0%
$17,894
+10%
$23,382
+20%
$28,870
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-646129
Dirt · Off grid
122.9Jul 27, 2026$84,5006877139.0 mi
80
NM-145383
Gravel · Power at road
71.6Jun 29, 2025$103,3001,4431,00417.4 mi
71
NM-844281
Gravel · Power at road
32.2Jan 19, 2025$25,7007974824.7 mi
68
NM-707104
Gravel · Off grid
249.1Apr 3, 2026$146,40058864411.6 mi
67
NM-105193
Dirt · Full utilities
62.4Nov 23, 2024$69,6001,11573413.7 mi
66
NM-923964
Gravel · Full utilities
25.6Jan 29, 2026$37,7001,4716758.2 mi
63
NM-186736
Gravel · Off grid
190.8Apr 6, 2024$134,6007067775.0 mi
59
NM-187153
Gravel · Power at road
258.1Dec 23, 2023$259,6001,0061,03613.3 mi
53
Show adjustment detail for the top comp
  • Tract size (122.92 ac → 79.42 ac)+11.3%
  • Access (Dirt → Landlocked)-20.9%
  • 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.