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Sierra County, NM · Sold

NM-219889

3557 County Road 23

$473,600
$253/ac · 1,873 ac
Acreage1,873 ac
Price per acre$253/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedDec 23, 2024
Coordinates33.0985, -107.1150
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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

4 items to verify before you offer.

Risk index
53
Moderate risk
Wetlands29.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power88 ft away

Power at or near the road.

Buildable area1259.89 of 1873.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$652,114
$567,088$737,141 · $348/ac on 1,873 ac
Asking vs estimate
-27.4%
Priced below the comp set

Weighted from 7 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 $473,600
Maximum allowable offer
$372,637
$199/ac · +30.0% target margin

You need $100,963 off asking to hit this margin.

All-in cost$404,311
Net resale$599,945
Projected profit$195,634
ROI+48.4%
Annualized+69.2%
Break-even resale$235/ac
Profit if resale lands off target
-20%
$75,645
-10%
$135,640
0%
$195,634
+10%
$255,629
+20%
$315,623
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-829707
Landlocked · Off grid
1641.8Jul 27, 2026$483,7002953334.1 mi
87
NM-289739
Paved · Power at road
1680.3Mar 7, 2026$931,2005543147.6 mi
81
NM-728914
Gravel · Power at road
924.3Oct 5, 2025$528,4005723231.5 mi
77
NM-129986
Paved · Power at road
2009.5Jul 28, 2025$1,323,5006594058.6 mi
77
NM-699872
Dirt · Power at road
1850.2Jun 9, 2024$725,1003923373.5 mi
76
NM-959913
Dirt · Full utilities
1906.0Apr 4, 2025$831,90043630112.5 mi
72
NM-139242
Gravel · Off grid
1172.3Apr 28, 2024$677,1005784375.0 mi
65
Show adjustment detail for the top comp
  • Tract size (1641.78 ac → 1873.16 ac)-4.1%
  • 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.