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Otero County, NM · Sold

NM-139335

9070 County Road 114

$453,800
$362/ac · 1,254 ac
Acreage1,254 ac
Price per acre$362/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesFull utilities
TopographyRolling
ListedSep 25, 2024
Coordinates32.6227, -105.6432
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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

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

4 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands14.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area1016.14 of 1253.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$365,389
$304,031$426,747 · $291/ac on 1,254 ac
Asking vs estimate
+24.2%
Priced above the comp set

Weighted from 5 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 $453,800
Maximum allowable offer
$208,794
$167/ac · +30.0% target margin

You need $245,006 off asking to hit this margin.

All-in cost$226,541
Net resale$336,158
Projected profit$109,616
ROI+48.4%
Annualized+69.2%
Break-even resale$196/ac
Profit if resale lands off target
-20%
$42,385
-10%
$76,001
0%
$109,616
+10%
$143,232
+20%
$176,848
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-468597
Gravel · Power at road
734.7Jun 16, 2026$317,1004323052.9 mi
77
NM-458750
Paved · Power at road
820.8Jul 27, 2026$289,7003532187.6 mi
77
NM-289004
Gravel · Off grid
986.6Feb 5, 2025$282,6002862764.2 mi
76
NM-737793
Gravel · Off grid
410.3May 19, 2024$199,3004863681.7 mi
59
NM-966438
Dirt · Full utilities
153.8Jan 27, 2024$102,4006663131.6 mi
54
Show adjustment detail for the top comp
  • Tract size (734.67 ac → 1253.95 ac)-15.3%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • 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.