Harding County, NM · Sold

NM-597743

8888 County Road 109

$307,000

$776/ac · 396 ac

Offer report Market this tract

Acreage396 ac

Price per acre$776/ac

ZoningMixed Use

Road accessDirt

UtilitiesOff grid

TopographyFlat

ListedAug 13, 2025

Coordinates35.9347, -103.7430

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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

3 items to verify before you offer.

Risk index

Low risk

Wetlands13.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,218 ft of deeded road frontage.

Power796 ft away

Power at or near the road.

Buildable area326.33 of 395.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$320,261

$277,603 – $362,919 · $809/ac on 396 ac

Asking vs estimate

-4.1%

In line with 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 $307,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$183,006

$462/ac · +30.0% target margin

You need $123,994 off asking to hit this margin.

All-in cost$198,562

Net resale$294,640

Projected profit$96,079

ROI+48.4%

Annualized+69.3%

Break-even resale$545/ac

Profit if resale lands off target

-20%

$37,151

-10%

$66,615

$96,079

+10%

$125,543

+20%

$155,007

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-588060 Dirt · Power at road	497.9	Jul 27, 2026	$348,800	701	639	12.6 mi	80
NM-887963 Dirt · Full utilities	464.1	Jul 19, 2025	$454,700	980	748	9.4 mi	79
NM-898584 Gravel · Off grid	727.8	Jul 27, 2026	$508,200	698	724	17.3 mi	76
NM-407180 Gravel · Off grid	263.2	Nov 3, 2025	$343,500	1,305	1,029	4.3 mi	75
NM-258577 Dirt · Power at road	724.1	Apr 1, 2025	$590,500	815	880	12.0 mi	69
NM-246910 Dirt · Off grid	216.4	Aug 27, 2025	$180,700	835	729	11.9 mi	69
NM-249290 Landlocked · Power at road	1213.7	Jul 27, 2026	$687,900	567	860	7.6 mi	69
NM-896039 Gravel · Off grid	115.2	Jan 25, 2026	$165,700	1,439	897	4.8 mi	66
NM-608525 Dirt · Full utilities	697.3	Jun 4, 2025	$662,800	951	826	13.6 mi	65
NM-566588 Paved · Off grid	171.4	Jan 22, 2025	$221,100	1,290	788	11.3 mi	65

Show adjustment detail for the top comp

Tract size (497.91 ac → 395.74 ac)+7.1%
Utilities (Power at road → Off grid)-15.0%

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