Harding County, NM · Sold

NM-319765

7408 County Road 218

$1,083,900

$633/ac · 1,712 ac

Offer report Market this tract

Acreage1,712 ac

Price per acre$633/ac

ZoningResidential

Road accessGravel

UtilitiesPower at road

TopographyMixed

ListedApr 6, 2024

Coordinates35.9668, -103.8438

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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

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope7.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

8,774 ft of deeded road frontage.

Power207 ft away

Power at or near the road.

Buildable area1475.34 of 1712.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,232,512

$1,026,383 – $1,438,642 · $720/ac on 1,712 ac

Asking vs estimate

-12.1%

Priced below the comp set

Weighted from 8 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 $1,083,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$704,293

$411/ac · +30.0% target margin

You need $379,607 off asking to hit this margin.

All-in cost$764,158

Net resale$1,133,911

Projected profit$369,754

ROI+48.4%

Annualized+69.2%

Break-even resale$485/ac

Profit if resale lands off target

-20%

$142,971

-10%

$256,362

$369,754

+10%

$483,145

+20%

$596,536

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-249290 Landlocked · Power at road	1213.7	Jul 27, 2026	$687,900	567	750	1.8 mi	84
NM-148960 Landlocked · Full utilities	955.6	Aug 25, 2025	$521,400	546	571	10.2 mi	70
NM-898584 Gravel · Off grid	727.8	Jul 27, 2026	$508,200	698	631	15.9 mi	69
NM-599664 Paved · Off grid	1591.4	Oct 21, 2024	$1,359,300	854	896	13.6 mi	69
NM-588060 Dirt · Power at road	497.9	Jul 27, 2026	$348,800	701	557	8.0 mi	69
NM-369062 Dirt · Power at road	1028.9	Mar 11, 2024	$828,800	805	880	8.4 mi	64
NM-608525 Dirt · Full utilities	697.3	Jun 4, 2025	$662,800	951	720	8.1 mi	62
NM-258577 Dirt · Power at road	724.1	Apr 1, 2025	$590,500	815	767	12.3 mi	61

Show adjustment detail for the top comp

Tract size (1213.73 ac → 1712.23 ac)-10.2%
Access (Landlocked → Gravel)+47.1%

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.

Build the listing kit Post a deal or JV