← New search
Torrance County, NM · Sold

NM-693955

6681 County Road 350

$38,400
$1,509/ac · 25.45 ac
Acreage25.45 ac
Price per acre$1,509/ac
ZoningResidential
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedApr 12, 2026
Coordinates34.6074, -105.7641
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

5 items to verify before you offer.

Risk index
43
Moderate risk
Wetlands15.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power4,674 ft away

Service extension needed; get a utility quote.

Buildable area20.53 of 25.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,600
$26,364$38,836 · $1,281/ac on 25.45 ac
Asking vs estimate
+17.8%
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 $38,400
Maximum allowable offer
$18,629
$732/ac · +30.0% target margin

You need $19,771 off asking to hit this margin.

All-in cost$20,212
Net resale$29,992
Projected profit$9,780
ROI+48.4%
Annualized+69.2%
Break-even resale$863/ac
Profit if resale lands off target
-20%
$3,781
-10%
$6,780
0%
$9,780
+10%
$12,779
+20%
$15,778
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-794435
Paved · Power at road
36.0May 22, 2026$96,9002,6891,4068.2 mi
76
NM-694783
Dirt · Off grid
46.4Aug 18, 2025$41,7009008214.4 mi
71
NM-364339
Dirt · Off grid
33.6Jul 12, 2024$52,4001,5581,40110.9 mi
67
NM-444189
Gravel · Off grid
30.1Aug 21, 2024$53,2001,7661,33515.9 mi
67
NM-293137
Dirt · Power at road
14.1May 26, 2025$24,8001,7621,15711.9 mi
63
NM-842898
Gravel · Full utilities
11.8Aug 14, 2025$41,9003,5381,59615.0 mi
60
Show adjustment detail for the top comp
  • Tract size (36.03 ac → 25.45 ac)+5.7%
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (3 mo)+1.0%

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.