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Otero County, NM · Sold

NM-791526

8930 County Road 241

$7,500
$1,712/ac · 4.38 ac
Acreage4.38 ac
Price per acre$1,712/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedApr 16, 2025
Coordinates32.4980, -105.7083
Loading terrain…
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

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?

Due diligence

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands3.6% of tract

Little to no mapped wetland coverage.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

452 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area4.01 of 4.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,844
$5,183$8,505 · $1,563/ac on 4.38 ac
Asking vs estimate
+9.6%
Priced above the comp set

Weighted from 8 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 $7,500
Maximum allowable offer
$3,911
$893/ac · +30.0% target margin

You need $3,589 off asking to hit this margin.

All-in cost$4,243
Net resale$6,297
Projected profit$2,053
ROI+48.4%
Annualized+69.2%
Break-even resale$1,053/ac
Profit if resale lands off target
-20%
$794
-10%
$1,423
0%
$2,053
+10%
$2,683
+20%
$3,312
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-881440
Paved · Off grid
4.1Nov 1, 2025$6,0001,4601,57411.9 mi
75
NM-501293
Paved · Full utilities
3.7Oct 27, 2024$11,4003,0802,3995.7 mi
73
NM-161714
Gravel · Off grid
5.0Feb 17, 2025$5,0001,0021,32210.9 mi
70
NM-252058
Gravel · Power at road
6.4Aug 20, 2025$9,5001,4771,64411.4 mi
68
NM-580589
Gravel · Off grid
2.2Nov 2, 2024$2,0008971,1665.3 mi
64
NM-810899
Landlocked · Full utilities
2.8Mar 16, 2025$3,4001,2121,60018.7 mi
64
NM-733093
Dirt · Full utilities
13.6Sep 24, 2024$13,4009851,1475.5 mi
62
NM-530463
Landlocked · Off grid
2.0Feb 26, 2024$1,6007821,53310.7 mi
57
Show adjustment detail for the top comp
  • Access (Paved → Dirt)-27.1%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (9 mo)+3.3%

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.