NM-468537
7475 County Road 118
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.
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?
3 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.
5,838 ft of deeded road frontage.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 6 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 $110,997 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-578891 Paved · Full utilities | 909.1 | Jul 27, 2026 | $590,200 | 649 | 421 | 11.6 mi | 82 |
| NM-738638 Gravel · Off grid | 756.8 | Mar 11, 2026 | $190,800 | 252 | 266 | 15.8 mi | 75 |
| NM-748097 Dirt · Full utilities | 511.4 | Jun 22, 2026 | $228,500 | 447 | 334 | 19.5 mi | 74 |
| NM-268698 Gravel · Power at road | 790.4 | Jan 29, 2026 | $269,800 | 341 | 311 | 20.0 mi | 74 |
| NM-699329 Dirt · Off grid | 1248.5 | Jul 23, 2024 | $306,800 | 246 | 375 | 4.4 mi | 67 |
| NM-779361 Dirt · Off grid | 1277.8 | Jul 25, 2025 | $373,400 | 292 | 432 | 15.0 mi | 66 |
Show adjustment detail for the top comp
- Tract size (909.06 ac → 703.42 ac)+8.2%
- Access (Paved → Dirt)-27.1%
- Utilities (Full utilities → Power at road)-18.0%
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.