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Socorro County, NM · Sold

NM-953393

483 County Road 69

$15,900
$939/ac · 16.94 ac
Acreage16.94 ac
Price per acre$939/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographySloped
ListedSep 23, 2023
Coordinates34.0430, -106.8640
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
46
Moderate risk
Wetlands2.4% of tract

Little to no mapped wetland coverage.

Average slope23.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power248 ft away

Power at or near the road.

Buildable area9.92 of 16.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$16,039
$14,495$17,584 · $947/ac on 16.94 ac
Asking vs estimate
-0.9%
In line with 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 $15,900
Maximum allowable offer
$9,165
$541/ac · +30.0% target margin

You need $6,735 off asking to hit this margin.

All-in cost$9,944
Net resale$14,756
Projected profit$4,812
ROI+48.4%
Annualized+69.3%
Break-even resale$638/ac
Profit if resale lands off target
-20%
$1,861
-10%
$3,336
0%
$4,812
+10%
$6,288
+20%
$7,763
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-223508
Landlocked · Off grid
18.4Apr 7, 2025$16,4008921,1216.9 mi
81
NM-653202
Paved · Power at road
14.8Nov 20, 2025$21,8001,48086612.7 mi
75
NM-802082
Gravel · Power at road
6.5Jul 27, 2026$10,1001,5399688.2 mi
71
NM-292953
Dirt · Full utilities
12.3May 22, 2025$17,2001,3999227.6 mi
70
NM-164082
Gravel · Power at road
27.9Nov 5, 2025$40,5001,4511,09014.2 mi
68
NM-433992
Paved · Off grid
26.1Jun 22, 2025$31,9001,2209188.2 mi
68
NM-495018
Dirt · Full utilities
55.0Jul 27, 2026$59,3001,07884710.2 mi
66
NM-222806
Gravel · Power at road
11.1Nov 11, 2024$14,9001,34293912.4 mi
65
NM-891981
Paved · Full utilities
6.1Sep 17, 2025$11,9001,9628858.7 mi
61
NM-204529
Paved · Power at road
38.6Dec 3, 2024$48,2001,25087110.6 mi
61
Show adjustment detail for the top comp
  • Tract size (18.41 ac → 16.94 ac)+1.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (16 mo)+5.7%

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.