NM-829707
5500 County Road 121
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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?
5 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
No legal access of record — resale is severely limited.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $216,108 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-219889 Landlocked · Power at road | 1873.2 | Sep 29, 2025 | $407,300 | 217 | 200 | 4.1 mi | 81 |
| NM-289739 Paved · Power at road | 1680.3 | Mar 7, 2026 | $931,200 | 554 | 279 | 11.6 mi | 78 |
| NM-129986 Paved · Power at road | 2009.5 | Jul 28, 2025 | $1,323,500 | 659 | 359 | 8.7 mi | 76 |
| NM-139242 Gravel · Off grid | 1172.3 | Apr 28, 2024 | $677,100 | 578 | 388 | 1.5 mi | 76 |
| NM-699872 Dirt · Power at road | 1850.2 | Jun 9, 2024 | $725,100 | 392 | 299 | 2.4 mi | 73 |
| NM-728914 Gravel · Power at road | 924.3 | Oct 5, 2025 | $528,400 | 572 | 286 | 5.5 mi | 69 |
| NM-959913 Dirt · Full utilities | 1906.0 | Apr 4, 2025 | $831,900 | 436 | 266 | 13.0 mi | 69 |
Show adjustment detail for the top comp
- Tract size (1873.16 ac → 1641.78 ac)+4.2%
- Utilities (Power at road → Off grid)-15.0%
- Market time (11 mo)+3.7%
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.