← New search
Sandoval County, NM · Sold

NM-140561

1239 County Road 46

$3,300
$1,514/ac · 2.18 ac
Acreage2.18 ac
Price per acre$1,514/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedOct 6, 2025
Coordinates35.7865, -106.9186
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

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

4 items to verify before you offer.

Risk index
65
High risk
Wetlands41.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.0%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power135 ft away

Power at or near the road.

Buildable area1.22 of 2.18 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,428
$1,979$2,877 · $1,114/ac on 2.18 ac
Asking vs estimate
+35.9%
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 $3,300
Maximum allowable offer
$1,387
$636/ac · +30.0% target margin

You need $1,913 off asking to hit this margin.

All-in cost$1,505
Net resale$2,234
Projected profit$729
ROI+48.4%
Annualized+69.3%
Break-even resale$750/ac
Profit if resale lands off target
-20%
$282
-10%
$505
0%
$729
+10%
$952
+20%
$1,176
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-140312
Landlocked · Power at road
1.8Jul 27, 2026$2,4001,3271,3256.4 mi
86
NM-520280
Gravel · Power at road
1.8Jul 27, 2026$3,4001,9041,29311.4 mi
80
NM-670049
Gravel · Power at road
1.5Feb 24, 2026$2,0001,31690610.7 mi
74
NM-370329
Dirt · Power at road
1.8Aug 14, 2024$2,5001,3401,1454.7 mi
73
NM-762512
Paved · Off grid
8.9Jul 27, 2026$9,8001,10079516.0 mi
61
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.