Hidalgo County, NM · Sold

NM-157631

3118 County Road 199

$356,500

$977/ac · 365 ac

Offer report Market this tract

Acreage365 ac

Price per acre$977/ac

ZoningResidential

Road accessGravel

UtilitiesOff grid

TopographyWooded

ListedJan 18, 2025

Coordinates31.9450, -108.8852

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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

4 items to verify before you offer.

Risk index

Low risk

Wetlands14.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,340 ft of deeded road frontage.

Power10,750 ft away

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

Buildable area296.39 of 364.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$340,361

$270,628 – $410,094 · $933/ac on 365 ac

Asking vs estimate

+4.7%

In line with the comp set

Weighted from 7 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 $356,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$194,492

$533/ac · +30.0% target margin

You need $162,008 off asking to hit this margin.

All-in cost$211,024

Net resale$313,132

Projected profit$102,108

ROI+48.4%

Annualized+69.2%

Break-even resale$629/ac

Profit if resale lands off target

-20%

$39,482

-10%

$70,795

$102,108

+10%

$133,422

+20%

$164,735

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-767957 Landlocked · Off grid	462.1	Jul 27, 2026	$188,500	408	645	15.9 mi	78
NM-917228 Landlocked · Power at road	272.5	Jul 27, 2026	$246,100	903	1,039	14.1 mi	75
NM-647568 Dirt · Power at road	348.6	Feb 8, 2025	$401,200	1,151	1,194	15.3 mi	69
NM-478832 Dirt · Off grid	871.0	Apr 28, 2026	$456,300	524	803	16.4 mi	66
NM-277982 Paved · Power at road	470.6	Dec 29, 2023	$414,400	881	760	8.3 mi	65
NM-588378 Gravel · Full utilities	626.9	Jun 27, 2024	$782,900	1,249	1,116	10.7 mi	63
NM-586157 Gravel · Off grid	125.4	Mar 10, 2025	$160,100	1,276	1,004	10.7 mi	62

Show adjustment detail for the top comp

Tract size (462.11 ac → 364.9 ac)+7.3%
Access (Landlocked → Gravel)+47.1%

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