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Socorro County, NM · Sold

NM-988464

5966 County Road 278

$320,300
$480/ac · 667 ac
Acreage667 ac
Price per acre$480/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedJan 28, 2024
Coordinates33.9370, -106.9826
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

4 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands0.3% of tract

Little to no mapped wetland coverage.

Average slope14.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power1,762 ft away

Service extension needed; get a utility quote.

Buildable area532.15 of 667.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$238,295
$188,014$288,577 · $357/ac on 667 ac
Asking vs estimate
+34.4%
Priced above 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 $320,300
Maximum allowable offer
$136,169
$204/ac · +30.0% target margin

You need $184,131 off asking to hit this margin.

All-in cost$147,743
Net resale$219,232
Projected profit$71,488
ROI+48.4%
Annualized+69.2%
Break-even resale$241/ac
Profit if resale lands off target
-20%
$27,642
-10%
$49,565
0%
$71,488
+10%
$93,412
+20%
$115,335
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-567846
Gravel · Off grid
426.4Apr 17, 2026$195,7004592765.2 mi
78
NM-619433
Gravel · Power at road
1346.2Jul 27, 2026$758,3005634068.9 mi
77
NM-167497
Paved · Off grid
331.1Oct 16, 2025$179,7005432624.5 mi
75
NM-919810
Dirt · Off grid
1769.0Jun 16, 2026$634,6003593871.6 mi
74
NM-389218
Gravel · Off grid
1152.0Jul 27, 2026$577,00050140413.2 mi
74
NM-409702
Gravel · Off grid
1635.8Jul 27, 2026$681,80041737513.6 mi
74
NM-268589
Dirt · Power at road
730.4Feb 23, 2025$346,6004743487.4 mi
73
NM-507355
Landlocked · Power at road
298.8Dec 12, 2024$213,00071351011.3 mi
61
NM-287190
Gravel · Off grid
265.1Mar 15, 2025$124,20046925612.6 mi
60
Show adjustment detail for the top comp
  • Tract size (426.4 ac → 667.19 ac)-12.7%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (4 mo)+1.4%

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.