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San Miguel County, NM · Sold

NM-145383

1674 County Road 382

$97,000
$1,355/ac · 71.60 ac
Acreage71.60 ac
Price per acre$1,355/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedJan 19, 2025
Coordinates35.6011, -104.6428
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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

1 item to verify before you offer.

Risk index
10
Low risk
Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope10.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,128 ft of deeded road frontage.

Power204 ft away

Power at or near the road.

Buildable area65.30 of 71.60 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$74,654
$63,348$85,960 · $1,043/ac on 71.60 ac
Asking vs estimate
+29.9%
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 $97,000
Maximum allowable offer
$42,659
$596/ac · +30.0% target margin

You need $54,341 off asking to hit this margin.

All-in cost$46,285
Net resale$68,682
Projected profit$22,397
ROI+48.4%
Annualized+69.3%
Break-even resale$703/ac
Profit if resale lands off target
-20%
$8,660
-10%
$15,528
0%
$22,397
+10%
$29,265
+20%
$36,133
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-646129
Dirt · Off grid
122.9Jul 27, 2026$84,5006871,07410.7 mi
73
NM-573763
Dirt · Power at road
22.1Jun 15, 2026$22,3001,0069524.9 mi
71
NM-305526
Landlocked · Power at road
79.4Sep 6, 2024$63,9008041,30917.4 mi
68
NM-105193
Dirt · Full utilities
62.4Nov 23, 2024$69,6001,1151,10516.8 mi
66
NM-923964
Gravel · Full utilities
25.6Jan 29, 2026$37,7001,4711,01710.1 mi
66
NM-707104
Gravel · Off grid
249.1Apr 3, 2026$146,40058897013.7 mi
64
NM-844281
Gravel · Power at road
32.2Jan 19, 2025$25,70079772618.8 mi
61
NM-186736
Gravel · Off grid
190.8Apr 6, 2024$134,6007061,17014.9 mi
60
Show adjustment detail for the top comp
  • Tract size (122.92 ac → 71.6 ac)+14.0%
  • Access (Dirt → Gravel)+16.3%
  • 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.