NM-501293
2552 County Road 166
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Otero County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.
View Otero market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
Access by easement; pull and read the recorded document.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $6,104 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-791526 Dirt · Full utilities | 4.4 | Dec 31, 2025 | $8,000 | 1,832 | 2,596 | 5.7 mi | 79 |
| NM-881440 Paved · Off grid | 4.1 | Nov 1, 2025 | $6,000 | 1,460 | 2,173 | 16.5 mi | 74 |
| NM-580589 Gravel · Off grid | 2.2 | Nov 2, 2024 | $2,000 | 897 | 1,610 | 2.0 mi | 68 |
| NM-161714 Gravel · Off grid | 5.0 | Feb 17, 2025 | $5,000 | 1,002 | 1,825 | 15.0 mi | 65 |
| NM-810899 Landlocked · Full utilities | 2.8 | Mar 16, 2025 | $3,400 | 1,212 | 2,210 | 23.2 mi | 64 |
| NM-252058 Gravel · Power at road | 6.4 | Aug 20, 2025 | $9,500 | 1,477 | 2,271 | 17.2 mi | 63 |
| NM-530463 Landlocked · Off grid | 2.0 | Feb 26, 2024 | $1,600 | 782 | 2,116 | 13.8 mi | 58 |
Show adjustment detail for the top comp
- Tract size (4.38 ac → 3.7 ac)+0.6%
- Access (Dirt → Paved)+37.2%
- Market time (7 mo)+2.6%
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.