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Chaves County, NM · Sold

NM-203693

1101 County Road 73

$21,300
$1,012/ac · 21.05 ac
Acreage21.05 ac
Price per acre$1,012/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedOct 24, 2025
Coordinates33.4179, -104.3585
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

3 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands5.5% of tract

Little to no mapped wetland coverage.

Average slope15.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area15.91 of 21.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$26,213
$22,236$30,190 · $1,245/ac on 21.05 ac
Asking vs estimate
-18.7%
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 $21,300
Maximum allowable offer
$14,979
$712/ac · +30.0% target margin

You need $6,321 off asking to hit this margin.

All-in cost$16,252
Net resale$24,116
Projected profit$7,864
ROI+48.4%
Annualized+69.2%
Break-even resale$839/ac
Profit if resale lands off target
-20%
$3,041
-10%
$5,452
0%
$7,864
+10%
$10,275
+20%
$12,687
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-953987
Gravel · Off grid
26.1Jul 27, 2026$30,7001,1791,1885.5 mi
82
NM-703814
Dirt · Off grid
23.0Aug 14, 2024$26,4001,1501,4314.8 mi
72
NM-435391
Gravel · Off grid
72.0Jul 9, 2026$75,6001,0501,2851.7 mi
71
NM-953712
Gravel · Off grid
21.3Nov 10, 2024$20,00093698312.9 mi
70
NM-342803
Landlocked · Full utilities
11.1Mar 18, 2025$15,9001,4381,42116.3 mi
69
NM-702925
Landlocked · Full utilities
12.1Jun 1, 2024$16,9001,4001,4388.3 mi
66
NM-383054
Dirt · Full utilities
13.3Jan 22, 2025$15,8001,19395320.3 mi
62
Show adjustment detail for the top comp
  • Tract size (26.05 ac → 21.05 ac)+3.0%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.