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Chaves County, NM · Sold

NM-703814

9609 County Road 384

$25,500
$1,110/ac · 22.98 ac
Acreage22.98 ac
Price per acre$1,110/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedMay 9, 2024
Coordinates33.4623, -104.4231
Loading terrain…
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

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

View Chaves market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
15
Low risk
Wetlands9.5% of tract

Little to no mapped wetland coverage.

Average slope10.8%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

870 ft of deeded road frontage.

Power810 ft away

Service extension needed; get a utility quote.

Buildable area19.76 of 22.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$23,383
$19,691$27,074 · $1,018/ac on 22.98 ac
Asking vs estimate
+9.1%
Priced above the comp set

Weighted from 7 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 $25,500
Maximum allowable offer
$13,361
$581/ac · +30.0% target margin

You need $12,139 off asking to hit this margin.

All-in cost$14,497
Net resale$21,512
Projected profit$7,015
ROI+48.4%
Annualized+69.3%
Break-even resale$686/ac
Profit if resale lands off target
-20%
$2,713
-10%
$4,864
0%
$7,015
+10%
$9,167
+20%
$11,318
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-953987
Gravel · Off grid
26.1Jul 27, 2026$30,7001,1791,0343.2 mi
87
NM-203693
Landlocked · Full utilities
21.1Feb 6, 2026$20,7009838744.8 mi
80
NM-953712
Gravel · Off grid
21.3Nov 10, 2024$20,0009368568.2 mi
74
NM-435391
Gravel · Off grid
72.0Jul 9, 2026$75,6001,0501,1196.4 mi
70
NM-383054
Dirt · Full utilities
13.3Jan 22, 2025$15,8001,19383019.8 mi
66
NM-702925
Landlocked · Full utilities
12.1Jun 1, 2024$16,9001,4001,25210.0 mi
60
NM-342803
Landlocked · Full utilities
11.1Mar 18, 2025$15,9001,4381,23713.2 mi
60
Show adjustment detail for the top comp
  • Tract size (26.05 ac → 22.98 ac)+1.8%
  • Access (Gravel → Dirt)-14.0%

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.