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Harding County, NM · Sold

NM-987011

5137 County Road 239

$514,300
$2,209/ac · 233 ac
Acreage233 ac
Price per acre$2,209/ac
ZoningResidential
Road accessPaved
UtilitiesFull utilities
TopographyFlat
ListedFeb 26, 2024
Coordinates35.7641, -103.8281
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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
7
Low risk
Wetlands9.4% of tract

Little to no mapped wetland coverage.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,763 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area200.43 of 232.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$421,171
$361,985$480,356 · $1,809/ac on 233 ac
Asking vs estimate
+22.1%
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 $514,300
Maximum allowable offer
$240,669
$1,033/ac · +30.0% target margin

You need $273,631 off asking to hit this margin.

All-in cost$261,126
Net resale$387,477
Projected profit$126,351
ROI+48.4%
Annualized+69.2%
Break-even resale$1,219/ac
Profit if resale lands off target
-20%
$48,856
-10%
$87,603
0%
$126,351
+10%
$165,099
+20%
$203,846
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-246910
Dirt · Off grid
216.4Aug 27, 2025$180,7008351,6764.2 mi
82
NM-407180
Gravel · Off grid
263.2Nov 3, 2025$343,5001,3052,3649.1 mi
75
NM-515886
Landlocked · Off grid
103.1Apr 24, 2026$82,6008011,6251.2 mi
73
NM-566588
Paved · Off grid
171.4Jan 22, 2025$221,1001,2901,81110.2 mi
69
NM-588060
Dirt · Power at road
497.9Jul 27, 2026$348,8007011,46912.6 mi
69
NM-898584
Gravel · Off grid
727.8Jul 27, 2026$508,2006981,6637.4 mi
68
NM-887963
Dirt · Full utilities
464.1Jul 19, 2025$454,7009801,7195.8 mi
68
NM-896039
Gravel · Off grid
115.2Jan 25, 2026$165,7001,4392,0628.0 mi
68
NM-597743
Dirt · Off grid
395.7Sep 12, 2025$278,4007041,68012.7 mi
66
NM-258577
Dirt · Power at road
724.1Apr 1, 2025$590,5008152,0232.4 mi
62
Show adjustment detail for the top comp
  • Tract size (216.44 ac → 232.87 ac)-2.0%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (12 mo)+4.1%

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.