Socorro County, NM · Sold

NM-167497

3432 County Road 165

$195,500

$590/ac · 331 ac

Offer report Market this tract

Acreage331 ac

Price per acre$590/ac

ZoningMixed Use

Road accessPaved

UtilitiesOff grid

TopographySloped

ListedAug 22, 2024

Coordinates33.8731, -106.9992

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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

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

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope27.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power8,062 ft away

A long utility run — price in solar/off-grid instead.

Buildable area194.32 of 331.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$268,062

$202,569 – $333,555 · $809/ac on 331 ac

Asking vs estimate

-27.1%

Priced below the comp set

Weighted from 7 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 $195,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$153,178

$463/ac · +30.0% target margin

You need $42,322 off asking to hit this margin.

All-in cost$166,198

Net resale$246,617

Projected profit$80,419

ROI+48.4%

Annualized+69.3%

Break-even resale$546/ac

Profit if resale lands off target

-20%

$31,095

-10%

$55,757

$80,419

+10%

$105,081

+20%

$129,742

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-567846 Gravel · Off grid	426.4	Apr 17, 2026	$195,700	459	592	9.7 mi	78
NM-906278 Gravel · Off grid	136.9	Mar 18, 2026	$114,800	839	786	11.4 mi	72
NM-988464 Landlocked · Off grid	667.2	Aug 20, 2024	$305,900	458	1,064	4.5 mi	70
NM-287190 Gravel · Off grid	265.1	Mar 15, 2025	$124,200	469	549	13.7 mi	69
NM-507355 Landlocked · Power at road	298.8	Dec 12, 2024	$213,000	713	1,092	15.7 mi	67
NM-389218 Gravel · Off grid	1152.0	Jul 27, 2026	$577,000	501	866	15.9 mi	65
NM-268589 Dirt · Power at road	730.4	Feb 23, 2025	$346,600	474	746	11.7 mi	59

Show adjustment detail for the top comp

Tract size (426.4 ac → 331.15 ac)+7.8%
Access (Gravel → Paved)+18.0%
Market time (4 mo)+1.4%

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