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Santa Fe County, NM · Sold

NM-630589

1497 County Road 237

$4,800
$2,162/ac · 2.22 ac
Acreage2.22 ac
Price per acre$2,162/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedJan 25, 2025
Coordinates35.6012, -106.0925
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

Santa Fe County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Santa Fe market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands8.5% of tract

Little to no mapped wetland coverage.

Average slope4.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

294 ft of deeded road frontage.

Power53 ft away

Power at or near the road.

Buildable area1.93 of 2.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,028
$6,189$7,866 · $3,166/ac on 2.22 ac
Asking vs estimate
-31.7%
Priced below 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 $4,800
Maximum allowable offer
$4,016
$1,809/ac · +30.0% target margin

You need $784 off asking to hit this margin.

All-in cost$4,357
Net resale$6,465
Projected profit$2,108
ROI+48.4%
Annualized+69.2%
Break-even resale$2,133/ac
Profit if resale lands off target
-20%
$815
-10%
$1,462
0%
$2,108
+10%
$2,755
+20%
$3,401
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-600632
Gravel · Off grid
2.3Jul 27, 2026$5,3002,2933,1936.0 mi
85
NM-260866
Gravel · Full utilities
2.7Jan 14, 2025$6,4002,3402,4267.4 mi
70
NM-991346
Paved · Off grid
3.8Apr 17, 2026$10,7002,7773,36417.5 mi
70
NM-821013
Gravel · Full utilities
3.0Jun 19, 2025$9,9003,2893,3628.3 mi
70
NM-651508
Dirt · Power at road
4.3Aug 5, 2025$10,4002,4003,50512.8 mi
65
Show adjustment detail for the top comp
  • Access (Gravel → Paved)+18.0%
  • Utilities (Off grid → Power at road)+17.6%

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.