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Harding County, NM · Sold

NM-211175

5524 County Road 390

$5,900
$1,735/ac · 3.40 ac
Acreage3.40 ac
Price per acre$1,735/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedMay 21, 2024
Coordinates35.8938, -103.8765
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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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands7.6% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

392 ft of deeded road frontage.

Power10,428 ft away

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

Buildable area2.98 of 3.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,672
$6,312$9,032 · $2,257/ac on 3.40 ac
Asking vs estimate
-23.1%
Priced below the comp set

Weighted from 5 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 $5,900
Maximum allowable offer
$4,384
$1,289/ac · +30.0% target margin

You need $1,516 off asking to hit this margin.

All-in cost$4,757
Net resale$7,058
Projected profit$2,302
ROI+48.4%
Annualized+69.3%
Break-even resale$1,521/ac
Profit if resale lands off target
-20%
$890
-10%
$1,596
0%
$2,302
+10%
$3,008
+20%
$3,713
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-870160
Gravel · Power at road
1.6Jul 27, 2026$3,3002,0181,6892.4 mi
79
NM-201740
Gravel · Power at road
5.1Feb 18, 2026$11,6002,2661,9979.6 mi
79
NM-540998
Landlocked · Full utilities
3.0Oct 24, 2024$6,2002,0662,2682.0 mi
74
NM-320529
Dirt · Full utilities
2.1Mar 19, 2026$6,9003,2412,6386.1 mi
74
NM-850957
Paved · Off grid
2.9Sep 6, 2024$8,8003,0402,7739.2 mi
71
Show adjustment detail for the top comp
  • Tract size (1.63 ac → 3.4 ac)-1.7%
  • 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.