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Hidalgo County, NM · Sold

NM-277982

511 County Road 390

$458,400
$974/ac · 471 ac
Acreage471 ac
Price per acre$974/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedNov 21, 2023
Coordinates31.8798, -108.7665
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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

Hidalgo County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Hidalgo market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands19.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,151 ft of deeded road frontage.

Power145 ft away

Power at or near the road.

Buildable area359.85 of 470.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$569,422
$453,186$685,658 · $1,210/ac on 471 ac
Asking vs estimate
-19.5%
Priced below the comp set

Weighted from 6 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 $458,400
Maximum allowable offer
$325,384
$691/ac · +30.0% target margin

You need $133,016 off asking to hit this margin.

All-in cost$353,042
Net resale$523,869
Projected profit$170,827
ROI+48.4%
Annualized+69.2%
Break-even resale$816/ac
Profit if resale lands off target
-20%
$66,053
-10%
$118,440
0%
$170,827
+10%
$223,214
+20%
$275,601
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-767957
Landlocked · Off grid
462.1Jul 27, 2026$188,5004088308.3 mi
88
NM-917228
Landlocked · Power at road
272.5Jul 27, 2026$246,1009031,3376.1 mi
78
NM-647568
Dirt · Power at road
348.6Feb 8, 2025$401,2001,1511,5367.2 mi
75
NM-478832
Dirt · Off grid
871.0Apr 28, 2026$456,3005241,0339.1 mi
75
NM-157631
Gravel · Off grid
364.9Dec 14, 2025$317,6008701,1528.3 mi
74
NM-588378
Gravel · Full utilities
626.9Jun 27, 2024$782,9001,2491,4364.7 mi
73
Show adjustment detail for the top comp
  • Tract size (462.11 ac → 470.55 ac)-0.5%
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Off grid → Power at road)+17.6%

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.