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San Miguel County, NM · Sold

NM-187153

8256 County Road 322

$264,400
$1,024/ac · 258 ac
Acreage258 ac
Price per acre$1,024/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedSep 8, 2023
Coordinates35.5577, -104.7082
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

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands8.4% of tract

Little to no mapped wetland coverage.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,959 ft of deeded road frontage.

Power170 ft away

Power at or near the road.

Buildable area224.60 of 258.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$196,828
$171,445$222,211 · $763/ac on 258 ac
Asking vs estimate
+34.3%
Priced above the comp set

Weighted from 5 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 $264,400
Maximum allowable offer
$112,473
$436/ac · +30.0% target margin

You need $151,927 off asking to hit this margin.

All-in cost$122,033
Net resale$181,082
Projected profit$59,048
ROI+48.4%
Annualized+69.2%
Break-even resale$514/ac
Profit if resale lands off target
-20%
$22,832
-10%
$40,940
0%
$59,048
+10%
$77,157
+20%
$95,265
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-297269
Gravel · Power at road
280.7Feb 21, 2026$174,80062365112.4 mi
85
NM-707104
Gravel · Off grid
249.1Apr 3, 2026$146,4005886959.2 mi
82
NM-646129
Dirt · Off grid
122.9Jul 27, 2026$84,5006877696.0 mi
73
NM-186736
Gravel · Off grid
190.8Apr 6, 2024$134,60070683810.3 mi
67
NM-305526
Landlocked · Power at road
79.4Sep 6, 2024$63,90080493813.3 mi
55
Show adjustment detail for the top comp
  • Tract size (280.73 ac → 258.1 ac)+2.4%
  • Market time (6 mo)+2.0%

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.