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Doña Ana County, NM · Sold

NM-568562

3868 County Road 262

$659,300
$920/ac · 716 ac
Acreage716 ac
Price per acre$920/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJan 11, 2024
Coordinates32.2684, -106.8414
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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

Doña Ana County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Doña Ana market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
25
Low risk
Wetlands12.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area592.69 of 716.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$694,343
$581,244$807,442 · $969/ac on 716 ac
Asking vs estimate
-5.0%
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 $659,300
Maximum allowable offer
$396,768
$554/ac · +30.0% target margin

You need $262,532 off asking to hit this margin.

All-in cost$430,493
Net resale$638,796
Projected profit$208,302
ROI+48.4%
Annualized+69.2%
Break-even resale$653/ac
Profit if resale lands off target
-20%
$80,543
-10%
$144,423
0%
$208,302
+10%
$272,182
+20%
$336,062
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-377224
Gravel · Off grid
271.7Feb 20, 2025$282,4001,0391,1861.8 mi
66
NM-218257
Landlocked · Off grid
574.3May 21, 2024$290,1005051,09013.2 mi
64
NM-499879
Landlocked · Off grid
1859.6Oct 15, 2024$508,0002738362.5 mi
62
NM-609969
Gravel · Power at road
1984.9Feb 20, 2025$1,190,6006001,0687.0 mi
62
NM-109708
Paved · Full utilities
1643.0Jul 30, 2025$999,10060869714.0 mi
62
NM-497749
Dirt · Off grid
397.5Jul 27, 2024$263,0006621,00411.6 mi
60
NM-899826
Dirt · Power at road
1789.6Sep 28, 2024$776,6004348846.3 mi
59
Show adjustment detail for the top comp
  • Tract size (271.73 ac → 716.28 ac)-25.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (18 mo)+6.2%

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.