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Sierra County, NM · Sold

NM-766778

3174 County Road 389

$261,700
$1,330/ac · 197 ac
Acreage197 ac
Price per acre$1,330/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedOct 25, 2024
Coordinates33.2282, -107.2514
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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

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

No material red flags on the mapped layers.

Risk index
6
Low risk
Wetlands7.4% of tract

Little to no mapped wetland coverage.

Average slope4.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,989 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area173.04 of 196.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$231,677
$199,227$264,126 · $1,178/ac on 197 ac
Asking vs estimate
+13.0%
Priced above the comp set

Weighted from 6 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 $261,700
Maximum allowable offer
$132,387
$673/ac · +30.0% target margin

You need $129,313 off asking to hit this margin.

All-in cost$143,640
Net resale$213,143
Projected profit$69,503
ROI+48.4%
Annualized+69.2%
Break-even resale$794/ac
Profit if resale lands off target
-20%
$26,874
-10%
$48,189
0%
$69,503
+10%
$90,817
+20%
$112,131
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-357076
Paved · Off grid
244.1Apr 9, 2026$255,8001,0481,18212.7 mi
75
NM-124965
Dirt · Power at road
52.9Jul 27, 2026$72,2001,3661,21010.8 mi
67
NM-177858
Gravel · Off grid
430.1Feb 27, 2026$332,5007731,22010.3 mi
66
NM-937557
Dirt · Power at road
345.9Apr 13, 2025$335,2009691,46915.2 mi
64
NM-494569
Gravel · Power at road
39.7Mar 26, 2026$52,1001,3129598.7 mi
60
NM-728914
Gravel · Power at road
924.3Oct 5, 2025$528,40057298412.4 mi
55
Show adjustment detail for the top comp
  • Tract size (244.1 ac → 196.7 ac)+6.3%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (4 mo)+1.5%

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.