NM-603270
375 County Road 387
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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?
4 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
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 $17,648 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-733093 Dirt · Full utilities | 13.6 | Sep 24, 2024 | $13,400 | 985 | 1,220 | 8.5 mi | 77 |
| NM-624465 Dirt · Off grid | 36.8 | Jul 27, 2026 | $22,900 | 621 | 1,175 | 6.7 mi | 76 |
| NM-914112 Gravel · Power at road | 28.5 | Dec 11, 2025 | $44,900 | 1,574 | 2,141 | 9.2 mi | 71 |
| NM-161714 Gravel · Off grid | 5.0 | Feb 17, 2025 | $5,000 | 1,002 | 1,405 | 2.8 mi | 68 |
| NM-252058 Gravel · Power at road | 6.4 | Aug 20, 2025 | $9,500 | 1,477 | 1,748 | 12.9 mi | 68 |
| NM-634763 Gravel · Off grid | 45.7 | Jan 25, 2026 | $37,500 | 821 | 1,419 | 8.3 mi | 66 |
| NM-284457 Paved · Off grid | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 2,482 | 3.0 mi | 64 |
| NM-563867 Landlocked · Off grid | 23.9 | Sep 20, 2024 | $13,400 | 562 | 1,352 | 10.6 mi | 63 |
| NM-724577 Gravel · Full utilities | 39.9 | Jun 15, 2025 | $48,200 | 1,208 | 1,454 | 15.0 mi | 62 |
| NM-664932 Dirt · Full utilities | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 1,829 | 4.2 mi | 58 |
Show adjustment detail for the top comp
- Tract size (13.63 ac → 15.49 ac)-1.3%
- Access (Dirt → Gravel)+16.3%
- Market time (23 mo)+7.9%
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.