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Harding County, NM · Sold

NM-258577

5341 County Road 148

$676,400
$934/ac · 724 ac
Acreage724 ac
Price per acre$934/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedNov 13, 2024
Coordinates35.7891, -103.8588
Loading terrain…
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

1 item to verify before you offer.

Risk index
17
Low risk
Wetlands5.0% of tract

Little to no mapped wetland coverage.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power178 ft away

Power at or near the road.

Buildable area653.51 of 724.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$559,793
$470,497$649,089 · $773/ac on 724 ac
Asking vs estimate
+20.8%
Priced above the comp set

Weighted from 10 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 $676,400
Maximum allowable offer
$319,882
$442/ac · +30.0% target margin

You need $356,518 off asking to hit this margin.

All-in cost$347,072
Net resale$515,009
Projected profit$167,938
ROI+48.4%
Annualized+69.2%
Break-even resale$521/ac
Profit if resale lands off target
-20%
$64,936
-10%
$116,437
0%
$167,938
+10%
$219,438
+20%
$270,939
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-898584
Gravel · Off grid
727.8Jul 27, 2026$508,2006987096.1 mi
90
NM-588060
Dirt · Power at road
497.9Jul 27, 2026$348,80070162610.2 mi
81
NM-887963
Dirt · Full utilities
464.1Jul 19, 2025$454,7009807333.7 mi
78
NM-249290
Landlocked · Power at road
1213.7Jul 27, 2026$687,90056784311.8 mi
75
NM-608525
Dirt · Full utilities
697.3Jun 4, 2025$662,80095180913.0 mi
75
NM-148960
Landlocked · Full utilities
955.6Aug 25, 2025$521,4005466413.7 mi
74
NM-597743
Dirt · Off grid
395.7Sep 12, 2025$278,40070471612.0 mi
72
NM-369062
Dirt · Power at road
1028.9Mar 11, 2024$828,80080599010.3 mi
68
NM-599664
Paved · Off grid
1591.4Oct 21, 2024$1,359,3008541,0073.7 mi
67
NM-246910
Dirt · Off grid
216.4Aug 27, 2025$180,7008357156.2 mi
64
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Power at road)+17.6%

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.