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Socorro County, NM · Sold

NM-287190

201 County Road 255

$143,100
$540/ac · 265 ac
Acreage265 ac
Price per acre$540/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedAug 8, 2024
Coordinates33.9096, -106.7648
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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
52
Moderate risk
Wetlands44.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

3,630 ft of deeded road frontage.

Power9,532 ft away

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

Buildable area138.77 of 265.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$190,369
$141,241$239,497 · $718/ac on 265 ac
Asking vs estimate
-24.8%
Priced below the comp set

Weighted from 6 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 $143,100
Maximum allowable offer
$108,782
$410/ac · +30.0% target margin

You need $34,318 off asking to hit this margin.

All-in cost$118,028
Net resale$175,139
Projected profit$57,111
ROI+48.4%
Annualized+69.3%
Break-even resale$484/ac
Profit if resale lands off target
-20%
$22,083
-10%
$39,597
0%
$57,111
+10%
$74,625
+20%
$92,139
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-906278
Gravel · Off grid
136.9Mar 18, 2026$114,8008397113.3 mi
78
NM-567846
Gravel · Off grid
426.4Apr 17, 2026$195,70045953513.1 mi
75
NM-167497
Paved · Off grid
331.1Oct 16, 2025$179,70054350813.7 mi
72
NM-507355
Landlocked · Power at road
298.8Dec 12, 2024$213,00071398814.4 mi
68
NM-268589
Dirt · Power at road
730.4Feb 23, 2025$346,60047467411.6 mi
62
NM-988464
Landlocked · Off grid
667.2Aug 20, 2024$305,90045896212.6 mi
57
Show adjustment detail for the top comp
  • Tract size (136.93 ac → 265.11 ac)-16.7%
  • Market time (5 mo)+1.7%

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.