Otero County, NM · Sold

NM-737793

9302 County Road 44

$204,800

$499/ac · 410 ac

Offer report Market this tract

Acreage410 ac

Price per acre$499/ac

ZoningRecreational

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedApr 1, 2024

Coordinates32.6326, -105.6696

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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

Moderate risk

Wetlands22.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

4,984 ft of deeded road frontage.

Power8,314 ft away

A long utility run — price in solar/off-grid instead.

Buildable area302.89 of 410.34 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$185,275

$153,725 – $216,826 · $452/ac on 410 ac

Asking vs estimate

+10.5%

Priced above the comp set

Weighted from 7 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 $204,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$105,872

$258/ac · +30.0% target margin

You need $98,928 off asking to hit this margin.

All-in cost$114,871

Net resale$170,453

Projected profit$55,582

ROI+48.4%

Annualized+69.2%

Break-even resale$304/ac

Profit if resale lands off target

-20%

$21,492

-10%

$38,537

$55,582

+10%

$72,628

+20%

$89,673

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-468597 Gravel · Power at road	734.7	Jun 16, 2026	$317,100	432	441	2.1 mi	80
NM-458750 Paved · Power at road	820.8	Jul 27, 2026	$289,700	353	315	6.7 mi	74
NM-396182 Dirt · Off grid	127.7	Sep 2, 2025	$72,100	565	492	7.9 mi	67
NM-289004 Gravel · Off grid	986.6	Feb 5, 2025	$282,600	286	398	4.2 mi	67
NM-386093 Gravel · Power at road	119.8	May 5, 2026	$108,700	908	553	13.8 mi	64
NM-966438 Dirt · Full utilities	153.8	Jan 27, 2024	$102,400	666	452	2.1 mi	64
NM-139335 Landlocked · Full utilities	1254.0	Nov 25, 2024	$437,000	349	539	1.7 mi	61

Show adjustment detail for the top comp

Tract size (734.67 ac → 410.34 ac)+19.3%
Utilities (Power at road → Off grid)-15.0%
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.

Build the listing kit Post a deal or JV