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Harding County, NM · Sold

NM-566588

2603 County Road 64

$253,800
$1,481/ac · 171 ac
Acreage171 ac
Price per acre$1,481/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedAug 5, 2024
Coordinates35.8845, -103.9345
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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

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

View Harding market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands19.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.9%

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.

Power5,262 ft away

A long utility run — price in solar/off-grid instead.

Buildable area131.74 of 171.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$242,413
$203,401$281,425 · $1,414/ac on 171 ac
Asking vs estimate
+4.7%
In line with 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 $253,800
Maximum allowable offer
$138,522
$808/ac · +30.0% target margin

You need $115,278 off asking to hit this margin.

All-in cost$150,296
Net resale$223,020
Projected profit$72,724
ROI+48.4%
Annualized+69.2%
Break-even resale$953/ac
Profit if resale lands off target
-20%
$28,120
-10%
$50,422
0%
$72,724
+10%
$95,026
+20%
$117,328
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-896039
Gravel · Off grid
115.2Jan 25, 2026$165,7001,4391,5648.1 mi
74
NM-515886
Landlocked · Off grid
103.1Apr 24, 2026$82,6008011,2339.0 mi
74
NM-407180
Gravel · Off grid
263.2Nov 3, 2025$343,5001,3051,7947.5 mi
72
NM-246910
Dirt · Off grid
216.4Aug 27, 2025$180,7008351,27213.2 mi
72
NM-588060
Dirt · Power at road
497.9Jul 27, 2026$348,8007011,1152.4 mi
72
NM-987011
Paved · Full utilities
232.9Apr 9, 2025$512,2002,2001,76410.2 mi
70
NM-534975
Gravel · Off grid
53.3Jul 27, 2026$83,7001,5711,4017.1 mi
70
NM-597743
Dirt · Off grid
395.7Sep 12, 2025$278,4007041,27411.3 mi
68
NM-887963
Dirt · Full utilities
464.1Jul 19, 2025$454,7009801,3054.8 mi
68
Show adjustment detail for the top comp
  • Tract size (115.16 ac → 171.41 ac)-9.9%
  • Access (Gravel → Paved)+18.0%
  • Market time (7 mo)+2.3%

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.