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Torrance County, NM · Sold

NM-557472

4369 County Road 370

$343,400
$1,056/ac · 325 ac
Acreage325 ac
Price per acre$1,056/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedDec 3, 2024
Coordinates34.5633, -105.8840
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

Torrance County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Torrance market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
15
Low risk
Wetlands13.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,825 ft of deeded road frontage.

Power33 ft away

Power at or near the road.

Buildable area268.16 of 325.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$281,428
$244,374$318,482 · $865/ac on 325 ac
Asking vs estimate
+22.0%
Priced above 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 $343,400
Maximum allowable offer
$160,816
$495/ac · +30.0% target margin

You need $182,584 off asking to hit this margin.

All-in cost$174,485
Net resale$258,913
Projected profit$84,428
ROI+48.4%
Annualized+69.2%
Break-even resale$583/ac
Profit if resale lands off target
-20%
$32,645
-10%
$58,537
0%
$84,428
+10%
$110,319
+20%
$136,211
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-607303
Dirt · Power at road
287.7Dec 20, 2024$284,5009891,0207.2 mi
77
NM-477152
Gravel · Power at road
257.9Jul 14, 2025$303,1001,1759889.4 mi
73
NM-976335
Dirt · Power at road
142.7Feb 4, 2025$143,0001,0028462.7 mi
69
NM-666153
Landlocked · Full utilities
125.1Jun 5, 2026$114,7009177359.4 mi
67
NM-348934
Dirt · Power at road
937.8Jan 4, 2025$516,8005518118.2 mi
62
NM-868813
Landlocked · Off grid
859.1Sep 14, 2024$292,6003417349.8 mi
57
Show adjustment detail for the top comp
  • Tract size (287.73 ac → 325.2 ac)-3.5%
  • Market time (20 mo)+6.9%

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.