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Sandoval County, NM · Sold

NM-534380

1947 County Road 149

$49,000
$1,415/ac · 34.62 ac
Acreage34.62 ac
Price per acre$1,415/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedApr 29, 2024
Coordinates35.7466, -106.7471
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
22
Low risk
Wetlands13.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power158 ft away

Power at or near the road.

Buildable area28.32 of 34.62 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$48,019
$37,704$58,334 · $1,387/ac on 34.62 ac
Asking vs estimate
+2.0%
In line with 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 $49,000
Maximum allowable offer
$27,439
$793/ac · +30.0% target margin

You need $21,561 off asking to hit this margin.

All-in cost$29,771
Net resale$44,178
Projected profit$14,406
ROI+48.4%
Annualized+69.3%
Break-even resale$935/ac
Profit if resale lands off target
-20%
$5,571
-10%
$9,989
0%
$14,406
+10%
$18,824
+20%
$23,242
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-564393
Gravel · Power at road
35.0Jul 27, 2026$34,10097798115.9 mi
85
NM-794285
Paved · Full utilities
32.3Jul 27, 2026$59,8001,8491,27219.5 mi
82
NM-113538
Landlocked · Power at road
18.8Jul 27, 2026$21,9001,1651,56913.5 mi
73
NM-334188
Landlocked · Power at road
30.1Jun 22, 2025$20,6006851,03213.0 mi
72
NM-693061
Gravel · Power at road
13.3Jul 27, 2026$22,2001,6651,46814.2 mi
71
NM-333267
Dirt · Power at road
15.5Jul 27, 2026$27,0001,7491,82213.9 mi
70
NM-514002
Gravel · Off grid
26.3Sep 2, 2025$30,9001,1721,37318.4 mi
69
NM-114659
Gravel · Full utilities
42.4Aug 31, 2024$70,2001,6561,52413.8 mi
69
NM-753680
Dirt · Power at road
20.9Jun 7, 2024$33,2001,5911,87110.4 mi
68
NM-463368
Gravel · Off grid
16.6May 8, 2025$15,9009541,0659.0 mi
65
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.