Harding County, NM · Sold

NM-369062

4903 County Road 228

$886,400

$861/ac · 1,029 ac

Offer report Market this tract

Acreage1,029 ac

Price per acre$861/ac

ZoningRecreational

Road accessDirt

UtilitiesPower at road

TopographyMixed

ListedAug 30, 2023

Coordinates35.8921, -103.7263

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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

4 items to verify before you offer.

Risk index

Low risk

Wetlands14.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power95 ft away

Power at or near the road.

Buildable area840.64 of 1028.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$703,470

$601,978 – $804,962 · $684/ac on 1,029 ac

Asking vs estimate

+26.0%

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 $886,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$401,983

$391/ac · +30.0% target margin

You need $484,417 off asking to hit this margin.

All-in cost$436,152

Net resale$647,192

Projected profit$211,041

ROI+48.4%

Annualized+69.2%

Break-even resale$461/ac

Profit if resale lands off target

-20%

$81,602

-10%

$146,321

$211,041

+10%

$275,760

+20%

$340,479

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-249290 Landlocked · Power at road	1213.7	Jul 27, 2026	$687,900	567	756	9.5 mi	82
NM-588060 Dirt · Power at road	497.9	Jul 27, 2026	$348,800	701	562	13.5 mi	74
NM-148960 Landlocked · Full utilities	955.6	Aug 25, 2025	$521,400	546	575	10.9 mi	74
NM-898584 Gravel · Off grid	727.8	Jul 27, 2026	$508,200	698	636	16.1 mi	74
NM-258577 Dirt · Power at road	724.1	Apr 1, 2025	$590,500	815	774	10.3 mi	71
NM-597743 Dirt · Off grid	395.7	Sep 12, 2025	$278,400	704	642	3.1 mi	68
NM-608525 Dirt · Full utilities	697.3	Jun 4, 2025	$662,800	951	726	15.0 mi	67
NM-887963 Dirt · Full utilities	464.1	Jul 19, 2025	$454,700	980	658	8.6 mi	66
NM-599664 Paved · Off grid	1591.4	Oct 21, 2024	$1,359,300	854	903	9.0 mi	65
NM-319765 Gravel · Power at road	1712.2	Apr 23, 2024	$950,600	555	614	8.4 mi	65

Show adjustment detail for the top comp

Tract size (1213.73 ac → 1028.94 ac)+5.3%
Access (Landlocked → Dirt)+26.5%

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