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San Miguel County, NM · Sold

NM-361575

4256 County Road 257

$4,600
$1,013/ac · 4.54 ac
Acreage4.54 ac
Price per acre$1,013/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedMay 28, 2024
Coordinates35.5269, -104.6397
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
44
Moderate risk
Wetlands17.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.9%

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.

Power202 ft away

Power at or near the road.

Buildable area3.57 of 4.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,459
$4,172$6,746 · $1,202/ac on 4.54 ac
Asking vs estimate
-15.7%
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 $4,600
Maximum allowable offer
$3,119
$687/ac · +30.0% target margin

You need $1,481 off asking to hit this margin.

All-in cost$3,384
Net resale$5,022
Projected profit$1,638
ROI+48.4%
Annualized+69.3%
Break-even resale$810/ac
Profit if resale lands off target
-20%
$634
-10%
$1,136
0%
$1,638
+10%
$2,140
+20%
$2,643
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-881938
Paved · Off grid
5.9Jul 27, 2026$12,2002,0631,41915.6 mi
80
NM-171458
Dirt · Off grid
4.2Apr 14, 2026$7,3001,7421,6387.1 mi
80
NM-601259
Paved · Power at road
3.6Apr 26, 2025$5,5001,5149125.4 mi
79
NM-540374
Paved · Power at road
1.9Jul 27, 2026$3,8001,9861,11819.3 mi
71
NM-351889
Dirt · Off grid
5.7Oct 28, 2025$6,0001,0451,01617.2 mi
69
NM-551016
Dirt · Power at road
3.0Jul 9, 2025$3,7001,21899411.5 mi
69
NM-722227
Dirt · Power at road
7.3Jan 5, 2025$7,7001,05991612.9 mi
64
NM-712901
Dirt · Power at road
11.9Sep 18, 2024$20,9001,7641,60216.1 mi
56
Show adjustment detail for the top comp
  • Tract size (5.9 ac → 4.54 ac)+1.2%
  • Access (Paved → Landlocked)-42.4%
  • 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.