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Sandoval County, NM · Sold

NM-263380

2464 County Road 22

$39,100
$2,330/ac · 16.78 ac
Acreage16.78 ac
Price per acre$2,330/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedNov 9, 2023
Coordinates35.6555, -106.9358
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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

3 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands36.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

990 ft of deeded road frontage.

Power34 ft away

Power at or near the road.

Buildable area10.17 of 16.78 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$25,196
$19,168$31,223 · $1,502/ac on 16.78 ac
Asking vs estimate
+55.2%
Priced above the comp set

Weighted from 10 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 $39,100
Maximum allowable offer
$14,398
$858/ac · +30.0% target margin

You need $24,702 off asking to hit this margin.

All-in cost$15,622
Net resale$23,180
Projected profit$7,558
ROI+48.4%
Annualized+69.2%
Break-even resale$1,012/ac
Profit if resale lands off target
-20%
$2,922
-10%
$5,240
0%
$7,558
+10%
$9,876
+20%
$12,194
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-333267
Dirt · Power at road
15.5Jul 27, 2026$27,0001,7492,0201.7 mi
93
NM-113538
Landlocked · Power at road
18.8Jul 27, 2026$21,9001,1651,7402.3 mi
88
NM-693061
Gravel · Power at road
13.3Jul 27, 2026$22,2001,6651,6285.8 mi
86
NM-463368
Gravel · Off grid
16.6May 8, 2025$15,9009541,1815.3 mi
79
NM-564393
Gravel · Power at road
35.0Jul 27, 2026$34,1009771,0876.3 mi
78
NM-514002
Gravel · Off grid
26.3Sep 2, 2025$30,9001,1721,5226.3 mi
77
NM-762512
Paved · Off grid
8.9Jul 27, 2026$9,8001,1001,0377.3 mi
74
NM-794285
Paved · Full utilities
32.3Jul 27, 2026$59,8001,8491,4117.6 mi
73
NM-753680
Dirt · Power at road
20.9Jun 7, 2024$33,2001,5912,0755.4 mi
71
NM-334188
Landlocked · Power at road
30.1Jun 22, 2025$20,6006851,14511.0 mi
66
Show adjustment detail for the top comp
  • Tract size (15.46 ac → 16.78 ac)-0.9%
  • Access (Dirt → Gravel)+16.3%

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.