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Catron County, NM · Sold

NM-738638

3705 County Road 365

$224,500
$297/ac · 757 ac
Acreage757 ac
Price per acre$297/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedSep 27, 2025
Coordinates33.9373, -108.5023
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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

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

View Catron market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
20
Low risk
Wetlands3.9% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,282 ft away

Service extension needed; get a utility quote.

Buildable area690.94 of 756.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$275,442
$242,783$308,101 · $364/ac on 757 ac
Asking vs estimate
-18.5%
Priced below 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 $224,500
Maximum allowable offer
$157,395
$208/ac · +30.0% target margin

You need $67,105 off asking to hit this margin.

All-in cost$170,774
Net resale$253,407
Projected profit$82,633
ROI+48.4%
Annualized+69.3%
Break-even resale$245/ac
Profit if resale lands off target
-20%
$31,952
-10%
$57,292
0%
$82,633
+10%
$107,974
+20%
$133,314
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-268698
Gravel · Power at road
790.4Jan 29, 2026$269,8003413015.0 mi
83
NM-578891
Paved · Full utilities
909.1Jul 27, 2026$590,2006494074.2 mi
83
NM-748097
Dirt · Full utilities
511.4Jun 22, 2026$228,5004473237.3 mi
76
NM-468537
Dirt · Power at road
703.4Nov 9, 2025$268,50038238115.8 mi
73
NM-779361
Dirt · Off grid
1277.8Jul 25, 2025$373,4002924187.6 mi
69
NM-699329
Dirt · Off grid
1248.5Jul 23, 2024$306,80024636315.1 mi
61
Show adjustment detail for the top comp
  • Tract size (790.44 ac → 756.82 ac)+1.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (7 mo)+2.3%

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.