NM-458750
4792 County Road 261
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.
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?
3 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.
6,672 ft of deeded road frontage.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 5 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 $97,138 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-468597 Gravel · Power at road | 734.7 | Jun 16, 2026 | $317,100 | 432 | 496 | 4.7 mi | 85 |
| NM-289004 Gravel · Off grid | 986.6 | Feb 5, 2025 | $282,600 | 286 | 448 | 4.3 mi | 73 |
| NM-139335 Landlocked · Full utilities | 1254.0 | Nov 25, 2024 | $437,000 | 349 | 606 | 7.6 mi | 66 |
| NM-737793 Gravel · Off grid | 410.3 | May 19, 2024 | $199,300 | 486 | 597 | 6.7 mi | 61 |
| NM-966438 Dirt · Full utilities | 153.8 | Jan 27, 2024 | $102,400 | 666 | 508 | 6.2 mi | 51 |
Show adjustment detail for the top comp
- Tract size (734.67 ac → 820.79 ac)-3.4%
- Access (Gravel → Paved)+18.0%
- Market time (2 mo)+0.7%
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.