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Sandoval County, NM · Sold

NM-334188

3605 County Road 131

$22,200
$737/ac · 30.13 ac
Acreage30.13 ac
Price per acre$737/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedApr 27, 2025
Coordinates35.5607, -106.7789
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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

1 item to verify before you offer.

Risk index
29
Low risk
Wetlands1.9% of tract

Little to no mapped wetland coverage.

Average slope7.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power70 ft away

Power at or near the road.

Buildable area28.08 of 30.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$29,700
$23,435$35,964 · $986/ac on 30.13 ac
Asking vs estimate
-25.3%
Priced below 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 $22,200
Maximum allowable offer
$16,971
$563/ac · +30.0% target margin

You need $5,229 off asking to hit this margin.

All-in cost$18,414
Net resale$27,324
Projected profit$8,910
ROI+48.4%
Annualized+69.3%
Break-even resale$664/ac
Profit if resale lands off target
-20%
$3,446
-10%
$6,178
0%
$8,910
+10%
$11,643
+20%
$14,375
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-564393
Gravel · Power at road
35.0Jul 27, 2026$34,1009776828.0 mi
88
NM-113538
Landlocked · Power at road
18.8Jul 27, 2026$21,9001,1651,0929.7 mi
84
NM-794285
Paved · Full utilities
32.3Jul 27, 2026$59,8001,84988513.0 mi
80
NM-693061
Gravel · Power at road
13.3Jul 27, 2026$22,2001,6651,02116.6 mi
73
NM-333267
Dirt · Power at road
15.5Jul 27, 2026$27,0001,7491,26812.3 mi
73
NM-514002
Gravel · Off grid
26.3Sep 2, 2025$30,9001,17295515.6 mi
70
NM-534380
Gravel · Power at road
34.6Nov 16, 2024$45,4001,31197913.0 mi
70
NM-762512
Paved · Off grid
8.9Jul 27, 2026$9,8001,10065012.8 mi
69
NM-114659
Gravel · Full utilities
42.4Aug 31, 2024$70,2001,6561,0604.6 mi
68
NM-955337
Landlocked · Off grid
69.3Jul 12, 2024$61,5008891,3356.6 mi
67
Show adjustment detail for the top comp
  • Tract size (34.95 ac → 30.13 ac)+2.5%
  • Access (Gravel → Landlocked)-32.0%

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.