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Socorro County, NM · Sold

NM-204529

2882 County Road 148

$51,500
$1,335/ac · 38.57 ac
Acreage38.57 ac
Price per acre$1,335/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedNov 22, 2023
Coordinates33.8954, -106.9130
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
18
Low risk
Wetlands19.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,060 ft of deeded road frontage.

Power139 ft away

Power at or near the road.

Buildable area29.42 of 38.57 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$58,941
$50,467$67,414 · $1,528/ac on 38.57 ac
Asking vs estimate
-12.6%
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 $51,500
Maximum allowable offer
$33,680
$873/ac · +30.0% target margin

You need $17,820 off asking to hit this margin.

All-in cost$36,543
Net resale$54,225
Projected profit$17,683
ROI+48.4%
Annualized+69.3%
Break-even resale$1,030/ac
Profit if resale lands off target
-20%
$6,838
-10%
$12,260
0%
$17,683
+10%
$23,105
+20%
$28,528
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-495018
Dirt · Full utilities
55.0Jul 27, 2026$59,3001,0781,30112.1 mi
76
NM-654611
Paved · Power at road
40.9Mar 21, 2025$73,3001,7901,91613.2 mi
75
NM-164082
Gravel · Power at road
27.9Nov 5, 2025$40,5001,4511,6756.4 mi
75
NM-104852
Gravel · Power at road
48.7Mar 18, 2025$52,5001,0761,4063.4 mi
75
NM-595162
Dirt · Off grid
61.0Jul 27, 2026$57,1009371,65912.9 mi
73
NM-784978
Dirt · Full utilities
53.4Dec 4, 2025$52,2009771,20410.1 mi
72
NM-433992
Paved · Off grid
26.1Jun 22, 2025$31,9001,2201,41110.6 mi
70
NM-653202
Paved · Power at road
14.8Nov 20, 2025$21,8001,4801,3316.8 mi
69
NM-223508
Landlocked · Off grid
18.4Apr 7, 2025$16,4008921,7224.5 mi
65
NM-953393
Landlocked · Power at road
16.9Jul 27, 2024$17,1001,0081,68310.6 mi
59
Show adjustment detail for the top comp
  • Tract size (54.97 ac → 38.57 ac)+7.1%
  • Access (Dirt → Paved)+37.2%
  • 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.