Chaves County, NM · Sold

NM-596357

3359 County Road 334

$119,800

$826/ac · 145 ac

Offer report Market this tract

Acreage145 ac

Price per acre$826/ac

ZoningRecreational

Road accessDirt

UtilitiesFull utilities

TopographyFlat

ListedNov 11, 2023

Coordinates33.2643, -104.5140

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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

Low risk

Wetlands16.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,083 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area115.43 of 145.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$150,870

$136,072 – $165,668 · $1,040/ac on 145 ac

Asking vs estimate

-20.6%

Priced below the comp set

Weighted from 9 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 $119,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$86,211

$595/ac · +30.0% target margin

You need $33,589 off asking to hit this margin.

All-in cost$93,539

Net resale$138,800

Projected profit$45,261

ROI+48.4%

Annualized+69.3%

Break-even resale$701/ac

Profit if resale lands off target

-20%

$17,501

-10%

$31,381

$45,261

+10%

$59,141

+20%

$73,021

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-266151 Gravel · Full utilities	124.9	Jul 16, 2026	$172,000	1,377	1,143	7.9 mi	83
NM-326103 Gravel · Full utilities	120.6	Dec 5, 2024	$122,300	1,014	890	12.5 mi	74
NM-945742 Dirt · Power at road	92.9	Jul 4, 2026	$93,500	1,006	1,102	17.9 mi	73
NM-286663 Dirt · Power at road	181.0	Jan 17, 2025	$107,900	596	823	6.4 mi	73
NM-435391 Gravel · Off grid	72.0	Jul 9, 2026	$75,600	1,050	1,096	14.7 mi	73
NM-137701 Dirt · Power at road	383.9	Jul 6, 2026	$254,700	663	1,071	13.6 mi	73
NM-306549 Landlocked · Power at road	166.6	Dec 15, 2025	$109,600	658	1,083	16.7 mi	72
NM-207581 Gravel · Full utilities	351.9	Nov 24, 2025	$334,900	952	1,083	2.1 mi	70
NM-837020 Paved · Off grid	234.4	Jan 17, 2025	$196,400	838	1,067	6.8 mi	66

Show adjustment detail for the top comp

Tract size (124.9 ac → 145 ac)-3.8%
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.

Build the listing kit Post a deal or JV