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Socorro County, NM · Sold

NM-164082

7318 County Road 7

$42,700
$1,530/ac · 27.90 ac
Acreage27.90 ac
Price per acre$1,530/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedMar 17, 2025
Coordinates33.8858, -107.0235
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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

2 items to verify before you offer.

Risk index
18
Low risk
Wetlands11.5% of tract

Little to no mapped wetland coverage.

Average slope9.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,319 ft of deeded road frontage.

Power166 ft away

Power at or near the road.

Buildable area23.46 of 27.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$36,783
$31,497$42,068 · $1,318/ac on 27.90 ac
Asking vs estimate
+16.1%
Priced above 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 $42,700
Maximum allowable offer
$21,019
$753/ac · +30.0% target margin

You need $21,681 off asking to hit this margin.

All-in cost$22,806
Net resale$33,840
Projected profit$11,034
ROI+48.4%
Annualized+69.2%
Break-even resale$888/ac
Profit if resale lands off target
-20%
$4,266
-10%
$7,650
0%
$11,034
+10%
$14,418
+20%
$17,802
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-433992
Paved · Off grid
26.1Jun 22, 2025$31,9001,2201,26216.7 mi
75
NM-654611
Paved · Power at road
40.9Mar 21, 2025$73,3001,7901,7148.6 mi
74
NM-495018
Dirt · Full utilities
55.0Jul 27, 2026$59,3001,0781,16410.4 mi
72
NM-653202
Paved · Power at road
14.8Nov 20, 2025$21,8001,4801,19112.9 mi
71
NM-204529
Paved · Power at road
38.6Dec 3, 2024$48,2001,2501,1986.4 mi
70
NM-784978
Dirt · Full utilities
53.4Dec 4, 2025$52,2009771,0785.3 mi
69
NM-104852
Gravel · Power at road
48.7Mar 18, 2025$52,5001,0761,2588.8 mi
69
NM-595162
Dirt · Off grid
61.0Jul 27, 2026$57,1009371,48414.4 mi
68
NM-223508
Landlocked · Off grid
18.4Apr 7, 2025$16,4008921,5417.4 mi
68
NM-222806
Gravel · Power at road
11.1Nov 11, 2024$14,9001,3421,29210.5 mi
66
Show adjustment detail for the top comp
  • Tract size (26.14 ac → 27.9 ac)-1.0%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (14 mo)+4.8%

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.