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Chaves County, NM · Sold

NM-829029

9395 County Road 373

$734,700
$731/ac · 1,005 ac
Acreage1,005 ac
Price per acre$731/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographySloped
ListedDec 22, 2024
Coordinates33.4459, -104.4361
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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

2 items to verify before you offer.

Risk index
24
Low risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope23.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,090 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area570.83 of 1004.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$542,041
$455,120$628,963 · $540/ac on 1,005 ac
Asking vs estimate
+35.5%
Priced above 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 $734,700
Maximum allowable offer
$309,738
$308/ac · +30.0% target margin

You need $424,962 off asking to hit this margin.

All-in cost$336,066
Net resale$498,678
Projected profit$162,612
ROI+48.4%
Annualized+69.2%
Break-even resale$364/ac
Profit if resale lands off target
-20%
$62,877
-10%
$112,745
0%
$162,612
+10%
$212,480
+20%
$262,348
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-498922
Paved · Power at road
929.7Jul 27, 2026$672,90072463010.5 mi
86
NM-878870
Paved · Off grid
895.3Jun 30, 2026$475,1005315388.2 mi
82
NM-548273
Landlocked · Full utilities
581.0Jul 27, 2026$222,30038341010.5 mi
80
NM-137701
Dirt · Power at road
383.9Jul 6, 2026$254,7006636063.3 mi
75
NM-718421
Dirt · Power at road
646.7Jan 23, 2025$250,8003884406.7 mi
69
NM-207581
Gravel · Full utilities
351.9Nov 24, 2025$334,90095261311.3 mi
63
Show adjustment detail for the top comp
  • Tract size (929.7 ac → 1004.63 ac)-2.4%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Power at road → Full utilities)+22.0%

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.