NM-142403
5660 County Road 118
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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?
4 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
311 ft of deeded road frontage.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 9 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $4,962 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-182892 Paved · Power at road | 11.8 | Jul 10, 2026 | $15,600 | 1,320 | 982 | 13.6 mi | 74 |
| NM-930309 Gravel · Off grid | 1.8 | Jul 27, 2026 | $2,000 | 1,083 | 1,023 | 16.6 mi | 70 |
| NM-311098 Dirt · Full utilities | 3.2 | Apr 1, 2026 | $4,200 | 1,299 | 1,022 | 7.3 mi | 67 |
| NM-992128 Dirt · Off grid | 6.8 | Aug 5, 2024 | $5,200 | 767 | 955 | 14.4 mi | 67 |
| NM-150307 Dirt · Power at road | 1.8 | Feb 22, 2026 | $1,500 | 856 | 814 | 16.1 mi | 61 |
| NM-244179 Landlocked · Power at road | 29.9 | Apr 15, 2025 | $19,200 | 640 | 976 | 12.4 mi | 59 |
| NM-464360 Dirt · Power at road | 34.1 | Dec 22, 2025 | $16,900 | 496 | 594 | 15.0 mi | 56 |
| NM-773927 Dirt · Off grid | 24.9 | Apr 22, 2025 | $16,700 | 671 | 924 | 16.6 mi | 56 |
| NM-944753 Paved · Power at road | 45.4 | Oct 15, 2024 | $42,500 | 938 | 904 | 16.6 mi | 52 |
Show adjustment detail for the top comp
- Tract size (11.78 ac → 8.27 ac)+2.8%
- Access (Paved → Gravel)-15.3%
- Utilities (Power at road → Off grid)-15.0%
- Market time (1 mo)+0.4%
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.