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Chaves County, NM · Sold

NM-548273

6598 County Road 241

$233,000
$401/ac · 581 ac
Acreage581 ac
Price per acre$401/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedJun 25, 2026
Coordinates33.4720, -104.6153
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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

1 item to verify before you offer.

Risk index
25
Low risk
Wetlands1.4% of tract

Little to no mapped wetland coverage.

Average slope4.1%

Gentle grade, straightforward to develop.

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 area544.20 of 580.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$314,846
$273,822$355,870 · $542/ac on 581 ac
Asking vs estimate
-26.0%
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 $233,000
Maximum allowable offer
$179,912
$310/ac · +30.0% target margin

You need $53,088 off asking to hit this margin.

All-in cost$195,205
Net resale$289,658
Projected profit$94,454
ROI+48.4%
Annualized+69.2%
Break-even resale$365/ac
Profit if resale lands off target
-20%
$36,522
-10%
$65,488
0%
$94,454
+10%
$123,419
+20%
$152,385
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-137701
Dirt · Power at road
383.9Jul 6, 2026$254,7006635687.2 mi
77
NM-498922
Paved · Power at road
929.7Jul 27, 2026$672,90072458919.2 mi
75
NM-718421
Dirt · Power at road
646.7Jan 23, 2025$250,8003884124.0 mi
75
NM-829029
Dirt · Full utilities
1004.6Dec 27, 2025$668,60066663910.5 mi
75
NM-878870
Paved · Off grid
895.3Jun 30, 2026$475,10053150417.8 mi
71
NM-207581
Gravel · Full utilities
351.9Nov 24, 2025$334,90095257414.4 mi
69
NM-306549
Landlocked · Power at road
166.6Dec 15, 2025$109,60065857417.7 mi
64
NM-837020
Paved · Off grid
234.4Jan 17, 2025$196,40083856510.0 mi
59
NM-286663
Dirt · Power at road
181.0Jan 17, 2025$107,9005964369.1 mi
56
Show adjustment detail for the top comp
  • Tract size (383.89 ac → 580.98 ac)-11.7%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (1 mo)+0.5%

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.