← New search
Torrance County, NM · Sold

NM-272034

9664 County Road 162

$24,400
$3,855/ac · 6.33 ac
Acreage6.33 ac
Price per acre$3,855/ac
ZoningMixed Use
Road accessPaved
UtilitiesFull utilities
TopographyMixed
ListedFeb 27, 2024
Coordinates34.5732, -105.8760
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

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands5.6% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

324 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area5.68 of 6.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$23,367
$19,341$27,392 · $3,691/ac on 6.33 ac
Asking vs estimate
+4.4%
In line with 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 $24,400
Maximum allowable offer
$13,352
$2,109/ac · +30.0% target margin

You need $11,048 off asking to hit this margin.

All-in cost$14,487
Net resale$21,497
Projected profit$7,010
ROI+48.4%
Annualized+69.3%
Break-even resale$2,488/ac
Profit if resale lands off target
-20%
$2,711
-10%
$4,861
0%
$7,010
+10%
$9,160
+20%
$11,310
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-452211
Gravel · Power at road
7.2Jun 14, 2026$17,4002,4193,5339.6 mi
80
NM-561421
Dirt · Off grid
4.1Jul 27, 2026$9,0002,2274,3078.9 mi
76
NM-511820
Gravel · Full utilities
5.4May 23, 2025$12,4002,2912,8206.8 mi
75
NM-293137
Dirt · Power at road
14.1May 26, 2025$24,8001,7623,2995.3 mi
69
NM-842898
Gravel · Full utilities
11.8Aug 14, 2025$41,9003,5384,5528.3 mi
68
Show adjustment detail for the top comp
  • Tract size (7.19 ac → 6.33 ac)+0.8%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (2 mo)+0.7%

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.