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Sandoval County, NM · Sold

NM-670049

3723 County Road 233

$1,900
$1,267/ac · 1.50 ac
Acreage1.50 ac
Price per acre$1,267/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedJan 8, 2025
Coordinates35.6312, -106.9261
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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

Sandoval County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Sandoval market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands3.1% of tract

Little to no mapped wetland coverage.

Average slope22.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

207 ft of deeded road frontage.

Power208 ft away

Power at or near the road.

Buildable area0.87 of 1.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,790
$2,251$3,329 · $1,860/ac on 1.50 ac
Asking vs estimate
-31.9%
Priced below 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 $1,900
Maximum allowable offer
$1,594
$1,063/ac · +30.0% target margin

You need $306 off asking to hit this margin.

All-in cost$1,729
Net resale$2,567
Projected profit$837
ROI+48.4%
Annualized+69.3%
Break-even resale$1,253/ac
Profit if resale lands off target
-20%
$324
-10%
$581
0%
$837
+10%
$1,094
+20%
$1,351
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-520280
Gravel · Power at road
1.8Jul 27, 2026$3,4001,9041,9145.1 mi
87
NM-140312
Landlocked · Power at road
1.8Jul 27, 2026$2,4001,3271,9636.2 mi
84
NM-140561
Landlocked · Power at road
2.2Feb 24, 2026$3,5001,6122,43410.7 mi
74
NM-370329
Dirt · Power at road
1.8Aug 14, 2024$2,5001,3401,69511.6 mi
68
NM-693061
Gravel · Power at road
13.3Jul 27, 2026$22,2001,6651,8477.5 mi
66
NM-762512
Paved · Off grid
8.9Jul 27, 2026$9,8001,1001,1766.3 mi
64
Show adjustment detail for the top comp

    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.