NM-748097
3401 County Road 369
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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?
3 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
4,897 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 8 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 $60,947 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-268698 Gravel · Power at road | 790.4 | Jan 29, 2026 | $269,800 | 341 | 418 | 10.0 mi | 75 |
| NM-578891 Paved · Full utilities | 909.1 | Jul 27, 2026 | $590,200 | 649 | 566 | 9.9 mi | 75 |
| NM-738638 Gravel · Off grid | 756.8 | Mar 11, 2026 | $190,800 | 252 | 357 | 7.3 mi | 74 |
| NM-468537 Dirt · Power at road | 703.4 | Nov 9, 2025 | $268,500 | 382 | 530 | 19.5 mi | 69 |
| NM-236737 Landlocked · Off grid | 190.9 | Jan 2, 2026 | $96,200 | 504 | 704 | 4.7 mi | 66 |
| NM-716486 Paved · Off grid | 159.2 | Mar 5, 2025 | $124,300 | 781 | 619 | 1.7 mi | 62 |
| NM-779361 Dirt · Off grid | 1277.8 | Jul 25, 2025 | $373,400 | 292 | 581 | 14.9 mi | 61 |
| NM-699329 Dirt · Off grid | 1248.5 | Jul 23, 2024 | $306,800 | 246 | 505 | 20.3 mi | 55 |
Show adjustment detail for the top comp
- Tract size (790.44 ac → 511.43 ac)+14.2%
- Access (Gravel → Dirt)-14.0%
- Utilities (Power at road → Full utilities)+22.0%
- 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.