Harding County, NM · Sold

NM-407180

7194 County Road 394

$320,700

$1,218/ac · 263 ac

Offer report Market this tract

Acreage263 ac

Price per acre$1,218/ac

ZoningUnzoned

Road accessGravel

UtilitiesOff grid

TopographyRolling

ListedAug 22, 2025

Coordinates35.8939, -103.8006

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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

Wetlands5.4% of tract

Little to no mapped wetland coverage.

Average slope12.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,931 ft of deeded road frontage.

Power2,770 ft away

Service extension needed; get a utility quote.

Buildable area199.19 of 263.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$268,893

$233,476 – $304,310 · $1,022/ac on 263 ac

Asking vs estimate

+19.3%

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 $320,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$153,653

$584/ac · +30.0% target margin

You need $167,047 off asking to hit this margin.

All-in cost$166,714

Net resale$247,382

Projected profit$80,668

ROI+48.4%

Annualized+69.3%

Break-even resale$688/ac

Profit if resale lands off target

-20%

$31,192

-10%

$55,930

$80,668

+10%

$105,406

+20%

$130,144

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-896039 Gravel · Off grid	115.2	Jan 25, 2026	$165,700	1,439	1,176	1.4 mi	76
NM-246910 Dirt · Off grid	216.4	Aug 27, 2025	$180,700	835	956	9.5 mi	74
NM-597743 Dirt · Off grid	395.7	Sep 12, 2025	$278,400	704	958	4.3 mi	74
NM-515886 Landlocked · Off grid	103.1	Apr 24, 2026	$82,600	801	927	8.3 mi	74
NM-588060 Dirt · Power at road	497.9	Jul 27, 2026	$348,800	701	838	9.3 mi	73
NM-987011 Paved · Full utilities	232.9	Apr 9, 2025	$512,200	2,200	1,325	9.1 mi	72
NM-898584 Gravel · Off grid	727.8	Jul 27, 2026	$508,200	698	948	13.0 mi	71
NM-566588 Paved · Off grid	171.4	Jan 22, 2025	$221,100	1,290	1,033	7.5 mi	68
NM-887963 Dirt · Full utilities	464.1	Jul 19, 2025	$454,700	980	980	5.1 mi	68
NM-608525 Dirt · Full utilities	697.3	Jun 4, 2025	$662,800	951	1,082	11.0 mi	64

Show adjustment detail for the top comp

Tract size (115.16 ac → 263.2 ac)-20.1%
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.

Build the listing kit Post a deal or JV