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Torrance County, NM · Sold

NM-976335

6597 County Road 142

$146,800
$1,029/ac · 143 ac
Acreage143 ac
Price per acre$1,029/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedMay 9, 2024
Coordinates34.5432, -105.8435
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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

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
43
Moderate risk
Wetlands43.8% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.6%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

2,203 ft of deeded road frontage.

Power188 ft away

Power at or near the road.

Buildable area76.19 of 142.71 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$156,794
$131,132$182,456 · $1,099/ac on 143 ac
Asking vs estimate
-6.4%
Priced below the comp set

Weighted from 5 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 $146,800
Maximum allowable offer
$89,597
$628/ac · +30.0% target margin

You need $57,203 off asking to hit this margin.

All-in cost$97,213
Net resale$144,250
Projected profit$47,038
ROI+48.4%
Annualized+69.2%
Break-even resale$740/ac
Profit if resale lands off target
-20%
$18,188
-10%
$32,613
0%
$47,038
+10%
$61,463
+20%
$75,888
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-666153
Landlocked · Full utilities
125.1Jun 5, 2026$114,7009179269.1 mi
80
NM-557472
Dirt · Power at road
325.2Nov 15, 2025$304,6009371,2172.7 mi
73
NM-694783
Dirt · Off grid
46.4Aug 18, 2025$41,7009008493.0 mi
71
NM-607303
Dirt · Power at road
287.7Dec 20, 2024$284,5009891,2858.9 mi
70
NM-477152
Gravel · Power at road
257.9Jul 14, 2025$303,1001,1751,24412.1 mi
66
Show adjustment detail for the top comp
  • Tract size (125.08 ac → 142.71 ac)-3.4%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (2 mo)+0.8%

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.