Otero County, NM · Sold

NM-664932

1743 County Road 105

$59,700

$1,156/ac · 51.65 ac

Offer report Market this tract

Acreage51.65 ac

Price per acre$1,156/ac

ZoningResidential

Road accessDirt

UtilitiesFull utilities

TopographyMixed

ListedNov 25, 2023

Coordinates32.6141, -105.8208

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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

2 items to verify before you offer.

Risk index

Low risk

Wetlands11.9% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,122 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area43.23 of 51.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$62,318

$47,912 – $76,724 · $1,207/ac on 51.65 ac

Asking vs estimate

-4.2%

In line with the comp set

Weighted from 10 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 $59,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$35,610

$689/ac · +30.0% target margin

You need $24,090 off asking to hit this margin.

All-in cost$38,637

Net resale$57,333

Projected profit$18,696

ROI+48.4%

Annualized+69.3%

Break-even resale$813/ac

Profit if resale lands off target

-20%

$7,229

-10%

$12,963

$18,696

+10%

$24,429

+20%

$30,162

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-624465 Dirt · Off grid	36.8	Jul 27, 2026	$22,900	621	838	8.6 mi	81
NM-634763 Gravel · Off grid	45.7	Jan 25, 2026	$37,500	821	1,012	9.6 mi	76
NM-284457 Paved · Off grid	36.6	Mar 7, 2025	$62,300	1,703	1,770	2.3 mi	76
NM-445526 Paved · Full utilities	79.4	Feb 29, 2024	$116,700	1,469	1,297	2.7 mi	73
NM-914112 Gravel · Power at road	28.5	Dec 11, 2025	$44,900	1,574	1,527	8.3 mi	73
NM-603270 Gravel · Full utilities	15.5	Jul 27, 2026	$29,900	1,928	1,378	4.2 mi	72
NM-386093 Gravel · Power at road	119.8	May 5, 2026	$108,700	908	1,170	5.0 mi	71
NM-396182 Dirt · Off grid	127.7	Sep 2, 2025	$72,100	565	1,041	1.7 mi	70
NM-724577 Gravel · Full utilities	39.9	Jun 15, 2025	$48,200	1,208	1,037	15.0 mi	69
NM-966438 Dirt · Full utilities	153.8	Jan 27, 2024	$102,400	666	956	9.5 mi	58

Show adjustment detail for the top comp

Tract size (36.82 ac → 51.65 ac)-6.2%
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.

Build the listing kit Post a deal or JV