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Chaves County, NM · Sold

NM-878870

5910 County Road 255

$444,400
$496/ac · 895 ac
Acreage895 ac
Price per acre$496/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedMay 24, 2025
Coordinates33.3588, -104.3389
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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

3 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands3.8% of tract

Little to no mapped wetland coverage.

Average slope30.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,810 ft of deeded road frontage.

Power8,650 ft away

A long utility run — price in solar/off-grid instead.

Buildable area516.78 of 895.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$504,503
$414,798$594,209 · $563/ac on 895 ac
Asking vs estimate
-11.9%
Priced below the comp set

Weighted from 6 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 $444,400
Maximum allowable offer
$288,288
$322/ac · +30.0% target margin

You need $156,112 off asking to hit this margin.

All-in cost$312,792
Net resale$464,143
Projected profit$151,351
ROI+48.4%
Annualized+69.2%
Break-even resale$380/ac
Profit if resale lands off target
-20%
$58,522
-10%
$104,936
0%
$151,351
+10%
$197,765
+20%
$244,179
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-498922
Paved · Power at road
929.7Jul 27, 2026$672,9007246242.8 mi
89
NM-829029
Dirt · Full utilities
1004.6Dec 27, 2025$668,6006666778.2 mi
77
NM-548273
Landlocked · Full utilities
581.0Jul 27, 2026$222,30038340617.8 mi
72
NM-137701
Dirt · Power at road
383.9Jul 6, 2026$254,70066360111.2 mi
68
NM-718421
Dirt · Power at road
646.7Jan 23, 2025$250,80038843614.4 mi
64
NM-207581
Gravel · Full utilities
351.9Nov 24, 2025$334,90095260710.1 mi
63
Show adjustment detail for the top comp
  • Tract size (929.7 ac → 895.33 ac)+1.2%
  • Utilities (Power at road → Off grid)-15.0%

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.