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Socorro County, NM · Sold

NM-919810

6357 County Road 348

$767,400
$434/ac · 1,769 ac
Acreage1,769 ac
Price per acre$434/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedJul 27, 2025
Coordinates33.9230, -106.9597
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

Socorro County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Socorro market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
16
Low risk
Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope8.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power3,064 ft away

Service extension needed; get a utility quote.

Buildable area1678.84 of 1768.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$667,925
$589,985$745,865 · $378/ac on 1,769 ac
Asking vs estimate
+14.9%
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 $767,400
Maximum allowable offer
$381,672
$216/ac · +30.0% target margin

You need $385,728 off asking to hit this margin.

All-in cost$414,114
Net resale$614,491
Projected profit$200,377
ROI+48.4%
Annualized+69.2%
Break-even resale$254/ac
Profit if resale lands off target
-20%
$77,479
-10%
$138,928
0%
$200,377
+10%
$261,826
+20%
$323,275
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-409702
Gravel · Off grid
1635.8Jul 27, 2026$681,80041735112.1 mi
83
NM-619433
Gravel · Power at road
1346.2Jul 27, 2026$758,3005633799.1 mi
78
NM-389218
Gravel · Off grid
1152.0Jul 27, 2026$577,00050137712.3 mi
77
NM-988464
Landlocked · Off grid
667.2Aug 20, 2024$305,9004584641.6 mi
64
NM-268589
Dirt · Power at road
730.4Feb 23, 2025$346,6004743257.6 mi
63
Show adjustment detail for the top comp
  • Tract size (1635.84 ac → 1768.97 ac)-2.4%
  • Access (Gravel → Dirt)-14.0%

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.