Sierra County, NM · Sold

NM-699872

547 County Road 198

$672,600

$364/ac · 1,850 ac

Offer report Market this tract

Acreage1,850 ac

Price per acre$364/ac

ZoningRecreational

Road accessDirt

UtilitiesPower at road

TopographyRolling

ListedApr 10, 2024

Coordinates33.0981, -107.0553

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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

1 item to verify before you offer.

Risk index

Low risk

Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope7.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power148 ft away

Power at or near the road.

Buildable area1641.71 of 1850.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$777,520

$627,701 – $927,338 · $420/ac on 1,850 ac

Asking vs estimate

-13.5%

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 $672,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$444,297

$240/ac · +30.0% target margin

You need $228,303 off asking to hit this margin.

All-in cost$482,062

Net resale$715,318

Projected profit$233,256

ROI+48.4%

Annualized+69.2%

Break-even resale$283/ac

Profit if resale lands off target

-20%

$90,192

-10%

$161,724

$233,256

+10%

$304,788

+20%

$376,319

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-829707 Landlocked · Off grid	1641.8	Jul 27, 2026	$483,700	295	423	2.4 mi	85
NM-219889 Landlocked · Power at road	1873.2	Sep 29, 2025	$407,300	217	286	3.5 mi	82
NM-289739 Paved · Power at road	1680.3	Mar 7, 2026	$931,200	554	399	10.9 mi	79
NM-959913 Dirt · Full utilities	1906.0	Apr 4, 2025	$831,900	436	382	14.7 mi	78
NM-129986 Paved · Power at road	2009.5	Jul 28, 2025	$1,323,500	659	514	10.5 mi	75
NM-728914 Gravel · Power at road	924.3	Oct 5, 2025	$528,400	572	410	4.5 mi	70
NM-139242 Gravel · Off grid	1172.3	Apr 28, 2024	$677,100	578	555	2.1 mi	67

Show adjustment detail for the top comp

Tract size (1641.78 ac → 1850.23 ac)-3.7%
Access (Landlocked → Dirt)+26.5%
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.

Build the listing kit Post a deal or JV