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Union County, NM · Sold

NM-489036

8972 County Road 214

$368,000
$364/ac · 1,010 ac
Acreage1,010 ac
Price per acre$364/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedSep 9, 2025
Coordinates36.4519, -103.5631
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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
32
Moderate risk
Wetlands2.8% of tract

Little to no mapped wetland coverage.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power5,612 ft away

A long utility run — price in solar/off-grid instead.

Buildable area932.39 of 1009.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$318,318
$272,293$364,343 · $315/ac on 1,010 ac
Asking vs estimate
+15.6%
Priced above 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 $368,000
Maximum allowable offer
$181,896
$180/ac · +30.0% target margin

You need $186,104 off asking to hit this margin.

All-in cost$197,357
Net resale$292,852
Projected profit$95,495
ROI+48.4%
Annualized+69.2%
Break-even resale$212/ac
Profit if resale lands off target
-20%
$36,925
-10%
$66,210
0%
$95,495
+10%
$124,780
+20%
$154,066
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-259299
Gravel · Power at road
1221.7Jul 27, 2026$520,20042626213.4 mi
78
NM-558442
Dirt · Off grid
656.6Apr 30, 2026$365,6005573905.9 mi
77
NM-697995
Dirt · Power at road
475.0Jul 27, 2026$286,7006043232.8 mi
75
NM-137453
Paved · Off grid
320.8Jun 22, 2026$246,50076931510.5 mi
67
NM-197507
Dirt · Off grid
333.6Aug 21, 2025$157,90047427913.7 mi
59
Show adjustment detail for the top comp
  • Tract size (1221.67 ac → 1009.74 ac)+6.1%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Off grid)-15.0%

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.