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Chaves County, NM · Sold

NM-718421

6574 County Road 288

$297,900
$461/ac · 647 ac
Acreage647 ac
Price per acre$461/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedJan 3, 2024
Coordinates33.4750, -104.5462
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

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands1.5% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

5,273 ft of deeded road frontage.

Power3 ft away

Power at or near the road.

Buildable area605.18 of 646.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$351,921
$300,404$403,439 · $544/ac on 647 ac
Asking vs estimate
-15.4%
Priced below 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 $297,900
Maximum allowable offer
$201,098
$311/ac · +30.0% target margin

You need $96,802 off asking to hit this margin.

All-in cost$218,191
Net resale$323,768
Projected profit$105,576
ROI+48.4%
Annualized+69.2%
Break-even resale$367/ac
Profit if resale lands off target
-20%
$40,823
-10%
$73,200
0%
$105,576
+10%
$137,953
+20%
$170,330
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-548273
Landlocked · Full utilities
581.0Jul 27, 2026$222,3003833854.0 mi
85
NM-137701
Dirt · Power at road
383.9Jul 6, 2026$254,7006635693.3 mi
82
NM-498922
Paved · Power at road
929.7Jul 27, 2026$672,90072459116.2 mi
75
NM-829029
Dirt · Full utilities
1004.6Dec 27, 2025$668,6006666416.7 mi
75
NM-878870
Paved · Off grid
895.3Jun 30, 2026$475,10053150614.4 mi
74
NM-207581
Gravel · Full utilities
351.9Nov 24, 2025$334,90095257613.1 mi
70
NM-837020
Paved · Off grid
234.4Jan 17, 2025$196,4008385678.2 mi
59
Show adjustment detail for the top comp
  • Tract size (580.98 ac → 646.73 ac)-3.2%
  • Access (Landlocked → Dirt)+26.5%
  • 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.