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San Miguel County, NM · Sold

NM-923964

5292 County Road 253

$45,000
$1,757/ac · 25.61 ac
Acreage25.61 ac
Price per acre$1,757/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedOct 30, 2025
Coordinates35.4567, -104.6648
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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
13
Low risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area24.04 of 25.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$44,831
$32,537$57,126 · $1,751/ac on 25.61 ac
Asking vs estimate
+0.4%
In line with 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 $45,000
Maximum allowable offer
$25,618
$1,000/ac · +30.0% target margin

You need $19,382 off asking to hit this margin.

All-in cost$27,796
Net resale$41,245
Projected profit$13,449
ROI+48.4%
Annualized+69.2%
Break-even resale$1,180/ac
Profit if resale lands off target
-20%
$5,200
-10%
$9,325
0%
$13,449
+10%
$17,574
+20%
$21,698
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-573763
Dirt · Power at road
22.1Jun 15, 2026$22,3001,0061,4085.3 mi
82
NM-844281
Gravel · Power at road
32.2Jan 19, 2025$25,7007971,07411.3 mi
70
NM-145383
Gravel · Power at road
71.6Jun 29, 2025$103,3001,4432,23610.1 mi
62
NM-712901
Dirt · Power at road
11.9Sep 18, 2024$20,9001,7642,46811.8 mi
58
NM-105193
Dirt · Full utilities
62.4Nov 23, 2024$69,6001,1151,63515.2 mi
57
NM-305526
Landlocked · Power at road
79.4Sep 6, 2024$63,9008041,9378.2 mi
56
Show adjustment detail for the top comp
  • Tract size (22.14 ac → 25.61 ac)-2.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (2 mo)+0.7%

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.