NM-724577
5106 County Road 32
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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.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
Access by easement; pull and read the recorded document.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 10 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 $20,466 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-624465 Dirt · Off grid | 36.8 | Jul 27, 2026 | $22,900 | 621 | 1,024 | 21.7 mi | 76 |
| NM-634763 Gravel · Off grid | 45.7 | Jan 25, 2026 | $37,500 | 821 | 1,236 | 23.3 mi | 73 |
| NM-603270 Gravel · Full utilities | 15.5 | Jul 27, 2026 | $29,900 | 1,928 | 1,684 | 15.0 mi | 71 |
| NM-284457 Paved · Off grid | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 2,163 | 16.5 mi | 68 |
| NM-914112 Gravel · Power at road | 28.5 | Dec 11, 2025 | $44,900 | 1,574 | 1,865 | 23.2 mi | 68 |
| NM-563867 Landlocked · Off grid | 23.9 | Sep 20, 2024 | $13,400 | 562 | 1,179 | 10.8 mi | 66 |
| NM-664932 Dirt · Full utilities | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 1,594 | 15.0 mi | 64 |
| NM-386093 Gravel · Power at road | 119.8 | May 5, 2026 | $108,700 | 908 | 1,429 | 19.1 mi | 63 |
| NM-396182 Dirt · Off grid | 127.7 | Sep 2, 2025 | $72,100 | 565 | 1,272 | 13.4 mi | 62 |
| NM-733093 Dirt · Full utilities | 13.6 | Sep 24, 2024 | $13,400 | 985 | 1,063 | 6.6 mi | 59 |
Show adjustment detail for the top comp
- Tract size (36.82 ac → 39.93 ac)-1.4%
- Access (Dirt → Gravel)+16.3%
- Utilities (Off grid → Full utilities)+43.5%
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.