NM-369087
489 County Road 381
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De Baca County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.
View De Baca market data →Step 1 · Is this a deal?
5 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
Access by easement; pull and read the recorded document.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 4 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $319,568 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-959193 Paved · Power at road | 1131.4 | Jan 6, 2026 | $1,096,100 | 969 | 733 | 2.9 mi | 81 |
| NM-796906 Gravel · Off grid | 215.8 | Mar 17, 2026 | $290,000 | 1,343 | 852 | 8.9 mi | 65 |
| NM-117464 Dirt · Power at road | 323.3 | Oct 7, 2024 | $293,800 | 909 | 677 | 5.4 mi | 57 |
| NM-476489 Gravel · Off grid | 159.6 | Jul 26, 2025 | $222,300 | 1,393 | 834 | 13.9 mi | 56 |
Show adjustment detail for the top comp
- Tract size (1131.37 ac → 1047.74 ac)+2.4%
- Access (Paved → Gravel)-15.3%
- Utilities (Power at road → Off grid)-15.0%
- Market time (7 mo)+2.5%
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.