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Sierra County, NM · Sold

NM-139242

5926 County Road 383

$653,600
$558/ac · 1,172 ac
Acreage1,172 ac
Price per acre$558/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedDec 30, 2023
Coordinates33.1240, -107.0347
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

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

View Sierra market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands35.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

4,154 ft of deeded road frontage.

Power9,252 ft away

A long utility run — price in solar/off-grid instead.

Buildable area717.18 of 1172.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$586,074
$471,531$700,617 · $500/ac on 1,172 ac
Asking vs estimate
+11.5%
Priced above the comp set

Weighted from 9 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 $653,600
Maximum allowable offer
$334,900
$286/ac · +30.0% target margin

You need $318,700 off asking to hit this margin.

All-in cost$363,367
Net resale$539,188
Projected profit$175,822
ROI+48.4%
Annualized+69.2%
Break-even resale$337/ac
Profit if resale lands off target
-20%
$67,984
-10%
$121,903
0%
$175,822
+10%
$229,741
+20%
$283,660
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-829707
Landlocked · Off grid
1641.8Jul 27, 2026$483,7002954831.5 mi
89
NM-728914
Gravel · Power at road
924.3Oct 5, 2025$528,4005724686.3 mi
77
NM-177858
Gravel · Off grid
430.1Feb 27, 2026$332,5007735804.5 mi
72
NM-219889
Landlocked · Power at road
1873.2Sep 29, 2025$407,3002173265.0 mi
72
NM-289739
Paved · Power at road
1680.3Mar 7, 2026$931,20055445512.6 mi
71
NM-129986
Paved · Power at road
2009.5Jul 28, 2025$1,323,50065958710.1 mi
70
NM-699872
Dirt · Power at road
1850.2Jun 9, 2024$725,1003924882.1 mi
67
NM-937557
Dirt · Power at road
345.9Apr 13, 2025$335,2009696985.8 mi
64
NM-959913
Dirt · Full utilities
1906.0Apr 4, 2025$831,90043643514.4 mi
63
Show adjustment detail for the top comp
  • Tract size (1641.78 ac → 1172.25 ac)+11.1%
  • Access (Landlocked → Gravel)+47.1%

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.