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Chaves County, NM · Sold

NM-480124

9272 County Road 298

$2,100
$1,321/ac · 1.59 ac
Acreage1.59 ac
Price per acre$1,321/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedJan 2, 2024
Coordinates33.2595, -104.5178
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

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands16.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope11.2%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

165 ft of deeded road frontage.

Power246 ft away

Power at or near the road.

Buildable area1.27 of 1.59 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,471
$1,901$3,042 · $1,554/ac on 1.59 ac
Asking vs estimate
-15.0%
Priced below the comp set

Weighted from 5 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 $2,100
Maximum allowable offer
$1,412
$888/ac · +30.0% target margin

You need $688 off asking to hit this margin.

All-in cost$1,532
Net resale$2,274
Projected profit$742
ROI+48.4%
Annualized+69.3%
Break-even resale$1,047/ac
Profit if resale lands off target
-20%
$287
-10%
$514
0%
$742
+10%
$969
+20%
$1,197
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-130479
Dirt · Full utilities
2.0Jul 27, 2026$2,4001,1681,12111.8 mi
77
NM-281508
Paved · Full utilities
4.3Oct 12, 2025$9,0002,0791,5356.4 mi
63
NM-383054
Dirt · Full utilities
13.3Jan 22, 2025$15,8001,1931,3397.0 mi
51
NM-702925
Landlocked · Full utilities
12.1Jun 1, 2024$16,9001,4002,0216.1 mi
51
NM-342803
Landlocked · Full utilities
11.1Mar 18, 2025$15,9001,4381,99711.9 mi
50
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • 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.