Socorro County, NM · Sold

NM-389218

2420 County Road 358

$559,100

$485/ac · 1,152 ac

Offer report Market this tract

Acreage1,152 ac

Price per acre$485/ac

ZoningAgricultural

Road accessGravel

UtilitiesOff grid

TopographyRolling

ListedApr 26, 2026

Coordinates33.9963, -106.7645

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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

5 items to verify before you offer.

Risk index

Moderate risk

Wetlands11.6% of tract

Little to no mapped wetland coverage.

Average slope10.8%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power6,732 ft away

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

Buildable area967.48 of 1152.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$524,380

$424,652 – $624,108 · $455/ac on 1,152 ac

Asking vs estimate

+6.6%

Priced above 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 $559,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$299,646

$260/ac · +30.0% target margin

You need $259,454 off asking to hit this margin.

All-in cost$325,116

Net resale$482,429

Projected profit$157,313

ROI+48.4%

Annualized+69.2%

Break-even resale$307/ac

Profit if resale lands off target

-20%

$60,828

-10%

$109,070

$157,313

+10%

$205,556

+20%

$253,799

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-619433 Gravel · Power at road	1346.2	Jul 27, 2026	$758,300	563	504	8.3 mi	84
NM-409702 Gravel · Off grid	1635.8	Jul 27, 2026	$681,800	417	466	8.2 mi	83
NM-919810 Dirt · Off grid	1769.0	Jun 16, 2026	$634,600	359	480	12.3 mi	76
NM-268589 Dirt · Power at road	730.4	Feb 23, 2025	$346,600	474	432	8.7 mi	70
NM-567846 Gravel · Off grid	426.4	Apr 17, 2026	$195,700	459	343	11.2 mi	69
NM-988464 Landlocked · Off grid	667.2	Aug 20, 2024	$305,900	458	617	13.2 mi	62
NM-167497 Paved · Off grid	331.1	Oct 16, 2025	$179,700	543	326	15.9 mi	58

Show adjustment detail for the top comp

Tract size (1346.2 ac → 1152.04 ac)+5.0%
Utilities (Power at road → Off grid)-15.0%

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.

Build the listing kit Post a deal or JV