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Socorro County, NM · Sold

NM-104852

3627 County Road 387

$55,100
$1,130/ac · 48.74 ac
Acreage48.74 ac
Price per acre$1,130/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedMay 3, 2024
Coordinates33.8593, -106.8733
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

3 items to verify before you offer.

Risk index
24
Low risk
Wetlands21.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.9%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

1,752 ft of deeded road frontage.

Power114 ft away

Power at or near the road.

Buildable area36.16 of 48.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$59,559
$50,974$68,145 · $1,222/ac on 48.74 ac
Asking vs estimate
-7.5%
Priced below 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 $55,100
Maximum allowable offer
$34,034
$698/ac · +30.0% target margin

You need $21,066 off asking to hit this margin.

All-in cost$36,927
Net resale$54,794
Projected profit$17,868
ROI+48.4%
Annualized+69.2%
Break-even resale$824/ac
Profit if resale lands off target
-20%
$6,909
-10%
$12,388
0%
$17,868
+10%
$23,347
+20%
$28,826
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-495018
Dirt · Full utilities
55.0Jul 27, 2026$59,3001,0781,05515.5 mi
82
NM-595162
Dirt · Off grid
61.0Jul 27, 2026$57,1009371,34515.7 mi
76
NM-784978
Dirt · Full utilities
53.4Dec 4, 2025$52,20097797713.2 mi
74
NM-204529
Paved · Power at road
38.6Dec 3, 2024$48,2001,2501,0863.4 mi
74
NM-164082
Gravel · Power at road
27.9Nov 5, 2025$40,5001,4511,3588.8 mi
73
NM-906278
Gravel · Off grid
136.9Mar 18, 2026$114,8008391,2776.1 mi
70
NM-654611
Paved · Power at road
40.9Mar 21, 2025$73,3001,7901,55316.4 mi
69
NM-653202
Paved · Power at road
14.8Nov 20, 2025$21,8001,4801,0794.3 mi
66
NM-433992
Paved · Off grid
26.1Jun 22, 2025$31,9001,2201,14410.4 mi
64
NM-223508
Landlocked · Off grid
18.4Apr 7, 2025$16,4008921,3977.7 mi
61
Show adjustment detail for the top comp
  • Tract size (54.97 ac → 48.74 ac)+2.5%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Power at road)-18.0%

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.