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Union County, NM · Sold

NM-450421

4206 County Road 347

$2,600
$1,320/ac · 1.97 ac
Acreage1.97 ac
Price per acre$1,320/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedFeb 1, 2026
Coordinates36.4038, -103.4843
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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

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

View Union market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
16
Low risk
Wetlands3.4% of tract

Little to no mapped wetland coverage.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power2,518 ft away

Service extension needed; get a utility quote.

Buildable area1.81 of 1.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,647
$2,256$3,037 · $1,343/ac on 1.97 ac
Asking vs estimate
-1.8%
In line with the comp set

Weighted from 5 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 $2,600
Maximum allowable offer
$1,512
$768/ac · +30.0% target margin

You need $1,088 off asking to hit this margin.

All-in cost$1,641
Net resale$2,435
Projected profit$794
ROI+48.4%
Annualized+69.3%
Break-even resale$905/ac
Profit if resale lands off target
-20%
$307
-10%
$551
0%
$794
+10%
$1,038
+20%
$1,281
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-731706
Paved · Full utilities
5.0Jul 27, 2026$9,7001,9381,0152.4 mi
74
NM-820096
Paved · Off grid
1.6Dec 27, 2023$3,0001,9061,5366.6 mi
73
NM-132005
Gravel · Full utilities
6.2Jul 27, 2026$12,5002,0131,25812.2 mi
66
NM-202857
Gravel · Off grid
11.5Mar 10, 2026$17,6001,5351,4612.8 mi
65
NM-292771
Paved · Full utilities
10.8Nov 7, 2024$27,2002,5171,4857.9 mi
57
Show adjustment detail for the top comp
  • Tract size (4.99 ac → 1.97 ac)+2.9%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Full utilities → Off grid)-30.3%

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.