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Harding County, NM · Sold

NM-246910

5654 County Road 77

$206,300
$953/ac · 216 ac
Acreage216 ac
Price per acre$953/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedDec 22, 2024
Coordinates35.7626, -103.7535
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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

2 items to verify before you offer.

Risk index
24
Low risk
Wetlands10.5% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,233 ft of deeded road frontage.

Power9,938 ft away

A long utility run — price in solar/off-grid instead.

Buildable area184.03 of 216.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$211,350
$178,132$244,568 · $976/ac on 216 ac
Asking vs estimate
-2.4%
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 $206,300
Maximum allowable offer
$120,771
$558/ac · +30.0% target margin

You need $85,529 off asking to hit this margin.

All-in cost$131,037
Net resale$194,442
Projected profit$63,405
ROI+48.4%
Annualized+69.3%
Break-even resale$658/ac
Profit if resale lands off target
-20%
$24,517
-10%
$43,961
0%
$63,405
+10%
$82,850
+20%
$102,294
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-987011
Paved · Full utilities
232.9Apr 9, 2025$512,2002,2001,2054.2 mi
80
NM-407180
Gravel · Off grid
263.2Nov 3, 2025$343,5001,3051,2259.5 mi
75
NM-515886
Landlocked · Off grid
103.1Apr 24, 2026$82,6008018435.1 mi
73
NM-896039
Gravel · Off grid
115.2Jan 25, 2026$165,7001,4391,0698.1 mi
71
NM-588060
Dirt · Power at road
497.9Jul 27, 2026$348,80070176215.6 mi
70
NM-597743
Dirt · Off grid
395.7Sep 12, 2025$278,40070487111.9 mi
69
NM-566588
Paved · Off grid
171.4Jan 22, 2025$221,1001,29093913.2 mi
69
NM-898584
Gravel · Off grid
727.8Jul 27, 2026$508,20069886211.6 mi
67
NM-887963
Dirt · Full utilities
464.1Jul 19, 2025$454,7009808918.4 mi
66
NM-258577
Dirt · Power at road
724.1Apr 1, 2025$590,5008151,0496.2 mi
61
Show adjustment detail for the top comp
  • Tract size (232.87 ac → 216.44 ac)+2.1%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (16 mo)+5.7%

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.