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Santa Fe County, NM · Sold

NM-809272

9177 County Road 362

$781,500
$652/ac · 1,198 ac
Acreage1,198 ac
Price per acre$652/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedMay 29, 2026
Coordinates35.6118, -106.0594
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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

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

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands22.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

5,695 ft of deeded road frontage.

Power2,770 ft away

Service extension needed; get a utility quote.

Buildable area878.61 of 1198.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,060,438
$975,603$1,145,273 · $885/ac on 1,198 ac
Asking vs estimate
-26.3%
Priced below the comp set

Weighted from 4 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 $781,500
Maximum allowable offer
$605,964
$506/ac · +30.0% target margin

You need $175,536 off asking to hit this margin.

All-in cost$657,471
Net resale$975,603
Projected profit$318,132
ROI+48.4%
Annualized+69.2%
Break-even resale$597/ac
Profit if resale lands off target
-20%
$123,011
-10%
$220,571
0%
$318,132
+10%
$415,692
+20%
$513,252
Comparable sales4 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-338756
Dirt · Full utilities
824.4Jan 11, 2026$1,039,9001,26293313.1 mi
70
NM-549730
Landlocked · Power at road
1669.4Sep 11, 2024$908,6005448163.5 mi
70
NM-937617
Gravel · Off grid
361.2Feb 24, 2025$431,5001,19588014.0 mi
59
NM-537250
Dirt · Full utilities
276.9Sep 25, 2024$455,2001,64492215.3 mi
50
Show adjustment detail for the top comp
  • Tract size (824.36 ac → 1198 ac)-11.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (7 mo)+2.5%

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.