← New search
Otero County, NM · Sold

NM-468597

3423 County Road 72

$348,800
$475/ac · 735 ac
Acreage735 ac
Price per acre$475/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedJun 11, 2025
Coordinates32.6069, -105.6899
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

2 items to verify before you offer.

Risk index
20
Low risk
Wetlands4.2% of tract

Little to no mapped wetland coverage.

Average slope11.8%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power154 ft away

Power at or near the road.

Buildable area668.62 of 734.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$317,887
$254,211$381,563 · $433/ac on 735 ac
Asking vs estimate
+9.7%
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 $348,800
Maximum allowable offer
$181,650
$247/ac · +30.0% target margin

You need $167,150 off asking to hit this margin.

All-in cost$197,090
Net resale$292,456
Projected profit$95,366
ROI+48.4%
Annualized+69.2%
Break-even resale$292/ac
Profit if resale lands off target
-20%
$36,875
-10%
$66,120
0%
$95,366
+10%
$124,612
+20%
$153,857
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-458750
Paved · Power at road
820.8Jul 27, 2026$289,7003533104.7 mi
86
NM-289004
Gravel · Off grid
986.6Feb 5, 2025$282,6002863932.4 mi
75
NM-737793
Gravel · Off grid
410.3May 19, 2024$199,3004865242.1 mi
68
NM-139335
Landlocked · Full utilities
1254.0Nov 25, 2024$437,0003495322.9 mi
67
NM-966438
Dirt · Full utilities
153.8Jan 27, 2024$102,4006664451.8 mi
55
Show adjustment detail for the top comp
  • Tract size (820.79 ac → 734.67 ac)+3.5%
  • Access (Paved → Gravel)-15.3%

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.