← New search
San Miguel County, NM · Sold

NM-722227

3815 County Road 349

$9,200
$1,264/ac · 7.28 ac
Acreage7.28 ac
Price per acre$1,264/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedDec 19, 2023
Coordinates35.3449, -104.6915
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
21
Low risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope23.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

530 ft of deeded road frontage.

Power161 ft away

Power at or near the road.

Buildable area4.32 of 7.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$10,679
$7,960$13,398 · $1,467/ac on 7.28 ac
Asking vs estimate
-13.8%
Priced below 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 $9,200
Maximum allowable offer
$6,102
$838/ac · +30.0% target margin

You need $3,098 off asking to hit this margin.

All-in cost$6,621
Net resale$9,824
Projected profit$3,204
ROI+48.4%
Annualized+69.3%
Break-even resale$989/ac
Profit if resale lands off target
-20%
$1,239
-10%
$2,221
0%
$3,204
+10%
$4,186
+20%
$5,169
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-881938
Paved · Off grid
5.9Jul 27, 2026$12,2002,0631,75111.8 mi
78
NM-171458
Dirt · Off grid
4.2Apr 14, 2026$7,3001,7422,02213.1 mi
77
NM-551016
Dirt · Power at road
3.0Jul 9, 2025$3,7001,2181,2262.7 mi
71
NM-351889
Dirt · Off grid
5.7Oct 28, 2025$6,0001,0451,25319.3 mi
70
NM-573763
Dirt · Power at road
22.1Jun 15, 2026$22,3001,0061,12813.2 mi
69
NM-712901
Dirt · Power at road
11.9Sep 18, 2024$20,9001,7641,9778.2 mi
68
NM-361575
Landlocked · Power at road
4.5May 30, 2025$3,9008601,11612.9 mi
66
NM-601259
Paved · Power at road
3.6Apr 26, 2025$5,5001,5141,12617.6 mi
61
Show adjustment detail for the top comp
  • Tract size (5.9 ac → 7.28 ac)-1.2%
  • Access (Paved → Dirt)-27.1%
  • 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.