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San Miguel County, NM · Sold

NM-540374

8146 County Road 53

$3,800
$2,000/ac · 1.90 ac
Acreage1.90 ac
Price per acre$2,000/ac
ZoningAgricultural
Road accessPaved
UtilitiesPower at road
TopographyFlat
ListedDec 12, 2025
Coordinates35.3867, -104.9373
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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
44
Moderate risk
Wetlands46.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

331 ft of deeded road frontage.

Power202 ft away

Power at or near the road.

Buildable area0.97 of 1.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,917
$2,966$4,867 · $2,061/ac on 1.90 ac
Asking vs estimate
-3.0%
In line with the comp set

Weighted from 6 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 $3,800
Maximum allowable offer
$2,238
$1,178/ac · +30.0% target margin

You need $1,562 off asking to hit this margin.

All-in cost$2,428
Net resale$3,603
Projected profit$1,175
ROI+48.4%
Annualized+69.3%
Break-even resale$1,389/ac
Profit if resale lands off target
-20%
$455
-10%
$815
0%
$1,175
+10%
$1,536
+20%
$1,896
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-881938
Paved · Off grid
5.9Jul 27, 2026$12,2002,0632,5263.8 mi
78
NM-601259
Paved · Power at road
3.6Apr 26, 2025$5,5001,5141,62420.8 mi
67
NM-171458
Dirt · Off grid
4.2Apr 14, 2026$7,3001,7422,91613.6 mi
66
NM-551016
Dirt · Power at road
3.0Jul 9, 2025$3,7001,2181,76916.4 mi
65
NM-361575
Landlocked · Power at road
4.5May 30, 2025$3,9008601,60919.3 mi
63
NM-351889
Dirt · Off grid
5.7Oct 28, 2025$6,0001,0451,80810.1 mi
61
Show adjustment detail for the top comp
  • Tract size (5.9 ac → 1.9 ac)+3.9%
  • 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.