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San Miguel County, NM · Sold

NM-186736

1984 County Road 183

$159,500
$836/ac · 191 ac
Acreage191 ac
Price per acre$836/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedNov 6, 2023
Coordinates35.4327, -104.8076
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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,832 ft of deeded road frontage.

Power13,914 ft away

A long utility run — price in solar/off-grid instead.

Buildable area178.37 of 190.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$150,362
$119,956$180,767 · $788/ac on 191 ac
Asking vs estimate
+6.1%
Priced above the comp set

Weighted from 7 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 $159,500
Maximum allowable offer
$85,921
$450/ac · +30.0% target margin

You need $73,579 off asking to hit this margin.

All-in cost$93,224
Net resale$138,333
Projected profit$45,108
ROI+48.4%
Annualized+69.2%
Break-even resale$531/ac
Profit if resale lands off target
-20%
$17,442
-10%
$31,275
0%
$45,108
+10%
$58,942
+20%
$72,775
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-707104
Gravel · Off grid
249.1Apr 3, 2026$146,4005886436.7 mi
82
NM-646129
Dirt · Off grid
122.9Jul 27, 2026$84,5006877124.7 mi
80
NM-297269
Gravel · Power at road
280.7Feb 21, 2026$174,8006236028.9 mi
75
NM-187153
Gravel · Power at road
258.1Dec 23, 2023$259,6001,0061,03510.3 mi
66
NM-145383
Gravel · Power at road
71.6Jun 29, 2025$103,3001,4431,00214.9 mi
65
NM-305526
Landlocked · Power at road
79.4Sep 6, 2024$63,9008048685.0 mi
61
NM-105193
Dirt · Full utilities
62.4Nov 23, 2024$69,6001,1157338.9 mi
56
Show adjustment detail for the top comp
  • Tract size (249.1 ac → 190.81 ac)+7.8%
  • 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.