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Socorro County, NM · Sold

NM-222806

1291 County Road 120

$14,400
$1,301/ac · 11.07 ac
Acreage11.07 ac
Price per acre$1,301/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedNov 1, 2023
Coordinates34.0305, -107.0794
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
25
Low risk
Wetlands23.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.2%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

347 ft of deeded road frontage.

Power230 ft away

Power at or near the road.

Buildable area8.00 of 11.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$16,511
$14,870$18,152 · $1,491/ac on 11.07 ac
Asking vs estimate
-12.8%
Priced below the comp set

Weighted from 9 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 $14,400
Maximum allowable offer
$9,435
$852/ac · +30.0% target margin

You need $4,965 off asking to hit this margin.

All-in cost$10,237
Net resale$15,190
Projected profit$4,953
ROI+48.4%
Annualized+69.2%
Break-even resale$1,005/ac
Profit if resale lands off target
-20%
$1,915
-10%
$3,434
0%
$4,953
+10%
$6,472
+20%
$7,991
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-802082
Gravel · Power at road
6.5Jul 27, 2026$10,1001,5391,4867.1 mi
80
NM-653202
Paved · Power at road
14.8Nov 20, 2025$21,8001,4801,32919.7 mi
74
NM-164082
Gravel · Power at road
27.9Nov 5, 2025$40,5001,4511,67210.5 mi
72
NM-292953
Dirt · Full utilities
12.3May 22, 2025$17,2001,3991,41618.8 mi
68
NM-223508
Landlocked · Off grid
18.4Apr 7, 2025$16,4008921,7209.8 mi
65
NM-891981
Paved · Full utilities
6.1Sep 17, 2025$11,9001,9621,35811.5 mi
65
NM-953393
Landlocked · Power at road
16.9Jul 27, 2024$17,1001,0081,68112.4 mi
64
NM-433992
Paved · Off grid
26.1Jun 22, 2025$31,9001,2201,40919.3 mi
61
NM-204529
Paved · Power at road
38.6Dec 3, 2024$48,2001,2501,33713.3 mi
55
Show adjustment detail for the top comp
  • Tract size (6.55 ac → 11.07 ac)-3.7%

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.