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San Miguel County, NM · Sold

NM-297269

7690 County Road 68

$212,900
$758/ac · 281 ac
Acreage281 ac
Price per acre$758/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedDec 25, 2024
Coordinates35.5210, -104.9233
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
29
Low risk
Wetlands6.4% of tract

Little to no mapped wetland coverage.

Average slope29.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,418 ft of deeded road frontage.

Power248 ft away

Power at or near the road.

Buildable area157.66 of 280.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$243,560
$203,246$283,874 · $868/ac on 281 ac
Asking vs estimate
-12.6%
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 $212,900
Maximum allowable offer
$139,177
$496/ac · +30.0% target margin

You need $73,723 off asking to hit this margin.

All-in cost$151,007
Net resale$224,075
Projected profit$73,068
ROI+48.4%
Annualized+69.3%
Break-even resale$585/ac
Profit if resale lands off target
-20%
$28,253
-10%
$50,661
0%
$73,068
+10%
$95,476
+20%
$117,883
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-707104
Gravel · Off grid
249.1Apr 3, 2026$146,4005886793.3 mi
85
NM-187153
Gravel · Power at road
258.1Dec 23, 2023$259,6001,0061,09112.4 mi
76
NM-646129
Dirt · Off grid
122.9Jul 27, 2026$84,5006877517.9 mi
71
NM-186736
Gravel · Off grid
190.8Apr 6, 2024$134,6007068188.9 mi
66
NM-105193
Dirt · Full utilities
62.4Nov 23, 2024$69,6001,1157730.1 mi
63
NM-145383
Gravel · Power at road
71.6Jun 29, 2025$103,3001,4431,05716.7 mi
58
NM-139193
Dirt · Off grid
1131.4Oct 17, 2024$466,0004129255.5 mi
56
NM-305526
Landlocked · Power at road
79.4Sep 6, 2024$63,90080491613.7 mi
54
Show adjustment detail for the top comp
  • Tract size (249.1 ac → 280.73 ac)-3.4%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (4 mo)+1.5%

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.