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Torrance County, NM · Sold

NM-868813

4477 County Road 41

$292,600
$341/ac · 859 ac
Acreage859 ac
Price per acre$341/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedDec 14, 2023
Coordinates34.4451, -105.9780
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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

5 items to verify before you offer.

Risk index
47
Moderate risk
Wetlands14.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.8%

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.

Power10,386 ft away

A long utility run — price in solar/off-grid instead.

Buildable area701.89 of 859.11 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$407,294
$351,098$463,489 · $474/ac on 859 ac
Asking vs estimate
-28.2%
Priced below the comp set

Weighted from 7 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 $292,600
Maximum allowable offer
$232,739
$271/ac · +30.0% target margin

You need $59,861 off asking to hit this margin.

All-in cost$252,522
Net resale$374,710
Projected profit$122,188
ROI+48.4%
Annualized+69.3%
Break-even resale$319/ac
Profit if resale lands off target
-20%
$47,246
-10%
$84,717
0%
$122,188
+10%
$159,659
+20%
$197,130
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-348934
Dirt · Power at road
937.8Jan 4, 2025$516,80055140611.7 mi
70
NM-939993
Dirt · Power at road
2019.7Jul 27, 2026$825,70040936017.8 mi
66
NM-599753
Gravel · Power at road
1697.4Jul 28, 2025$1,268,0007475588.9 mi
64
NM-557472
Dirt · Power at road
325.2Nov 15, 2025$304,6009374849.8 mi
62
NM-679264
Dirt · Off grid
1191.1Sep 6, 2024$655,50055052120.2 mi
62
NM-607303
Dirt · Power at road
287.7Dec 20, 2024$284,50098951116.2 mi
58
NM-477152
Gravel · Power at road
257.9Jul 14, 2025$303,1001,17549513.0 mi
56
Show adjustment detail for the top comp
  • Tract size (937.82 ac → 859.11 ac)+2.8%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (19 mo)+6.8%

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.