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San Miguel County, NM · Sold

NM-171458

8980 County Road 302

$6,900
$1,655/ac · 4.17 ac
Acreage4.17 ac
Price per acre$1,655/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedJul 20, 2025
Coordinates35.5247, -104.7655
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

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands2.9% of tract

Little to no mapped wetland coverage.

Average slope16.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

235 ft of deeded road frontage.

Power13,088 ft away

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

Buildable area3.24 of 4.17 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,950
$3,889$6,011 · $1,187/ac on 4.17 ac
Asking vs estimate
+39.4%
Priced above 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 $6,900
Maximum allowable offer
$2,829
$678/ac · +30.0% target margin

You need $4,071 off asking to hit this margin.

All-in cost$3,069
Net resale$4,554
Projected profit$1,485
ROI+48.4%
Annualized+69.2%
Break-even resale$800/ac
Profit if resale lands off target
-20%
$574
-10%
$1,029
0%
$1,485
+10%
$1,940
+20%
$2,395
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-881938
Paved · Off grid
5.9Jul 27, 2026$12,2002,0631,5319.9 mi
79
NM-351889
Dirt · Off grid
5.7Oct 28, 2025$6,0001,0451,09610.1 mi
75
NM-361575
Landlocked · Power at road
4.5May 30, 2025$3,9008609757.1 mi
74
NM-601259
Paved · Power at road
3.6Apr 26, 2025$5,5001,5149847.2 mi
73
NM-551016
Dirt · Power at road
3.0Jul 9, 2025$3,7001,2181,07213.1 mi
71
NM-722227
Dirt · Power at road
7.3Jan 5, 2025$7,7001,05998813.1 mi
69
NM-540374
Paved · Power at road
1.9Jul 27, 2026$3,8001,9861,20613.6 mi
69
NM-712901
Dirt · Power at road
11.9Sep 18, 2024$20,9001,7641,72812.2 mi
57
Show adjustment detail for the top comp
  • Tract size (5.9 ac → 4.17 ac)+1.6%
  • Access (Paved → Dirt)-27.1%

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.