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Sandoval County, NM · Sold

NM-265452

4695 County Road 298

$106,800
$1,419/ac · 75.27 ac
Acreage75.27 ac
Price per acre$1,419/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedSep 22, 2023
Coordinates35.6567, -106.7605
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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
44
Moderate risk
Wetlands49.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.9%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

2,133 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area35.82 of 75.27 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$106,521
$85,326$127,717 · $1,415/ac on 75.27 ac
Asking vs estimate
+0.3%
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 $106,800
Maximum allowable offer
$60,869
$809/ac · +30.0% target margin

You need $45,931 off asking to hit this margin.

All-in cost$66,043
Net resale$98,000
Projected profit$31,957
ROI+48.4%
Annualized+69.3%
Break-even resale$954/ac
Profit if resale lands off target
-20%
$12,357
-10%
$22,157
0%
$31,957
+10%
$41,757
+20%
$51,557
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-955337
Landlocked · Off grid
69.3Jul 12, 2024$61,5008892,0030.2 mi
76
NM-564393
Gravel · Power at road
35.0Jul 27, 2026$34,1009771,02311.0 mi
73
NM-706567
Dirt · Full utilities
168.8Nov 29, 2025$163,8009701,4241.7 mi
72
NM-794285
Paved · Full utilities
32.3Jul 27, 2026$59,8001,8491,32815.4 mi
69
NM-114659
Gravel · Full utilities
42.4Aug 31, 2024$70,2001,6561,5908.2 mi
67
NM-514002
Gravel · Off grid
26.3Sep 2, 2025$30,9001,1721,43215.9 mi
64
NM-534380
Gravel · Power at road
34.6Nov 16, 2024$45,4001,3111,4686.3 mi
64
NM-376656
Landlocked · Power at road
180.1Oct 30, 2025$90,1005001,1579.7 mi
63
NM-334188
Landlocked · Power at road
30.1Jun 22, 2025$20,6006851,0776.7 mi
62
NM-237073
Dirt · Off grid
243.6Jan 6, 2026$166,1006821,5859.8 mi
61
Show adjustment detail for the top comp
  • Tract size (69.26 ac → 75.27 ac)-1.9%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (25 mo)+8.8%

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.