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Torrance County, NM · Sold

NM-842898

8209 County Road 18

$40,400
$3,415/ac · 11.83 ac
Acreage11.83 ac
Price per acre$3,415/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedJul 22, 2024
Coordinates34.5176, -106.0050
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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

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands5.6% of tract

Little to no mapped wetland coverage.

Average slope10.9%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

439 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area10.61 of 11.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$35,960
$31,069$40,850 · $3,040/ac on 11.83 ac
Asking vs estimate
+12.3%
Priced above the comp set

Weighted from 9 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 $40,400
Maximum allowable offer
$20,548
$1,737/ac · +30.0% target margin

You need $19,852 off asking to hit this margin.

All-in cost$22,295
Net resale$33,083
Projected profit$10,788
ROI+48.4%
Annualized+69.3%
Break-even resale$2,048/ac
Profit if resale lands off target
-20%
$4,172
-10%
$7,480
0%
$10,788
+10%
$14,097
+20%
$17,405
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-561421
Dirt · Off grid
4.1Jul 27, 2026$9,0002,2273,4891.9 mi
78
NM-452211
Gravel · Power at road
7.2Jun 14, 2026$17,4002,4192,8629.4 mi
76
NM-293137
Dirt · Power at road
14.1May 26, 2025$24,8001,7622,6733.4 mi
75
NM-693955
Landlocked · Off grid
25.4Jul 7, 2026$40,6001,5953,70115.0 mi
68
NM-794435
Paved · Power at road
36.0May 22, 2026$96,9002,6893,24911.1 mi
64
NM-511820
Gravel · Full utilities
5.4May 23, 2025$12,4002,2912,28413.6 mi
64
NM-272034
Paved · Full utilities
6.3Nov 20, 2024$20,2003,1882,7718.3 mi
64
NM-444189
Gravel · Off grid
30.1Aug 21, 2024$53,2001,7663,0843.5 mi
63
NM-364339
Dirt · Off grid
33.6Jul 12, 2024$52,4001,5583,2367.2 mi
57
Show adjustment detail for the top comp
  • Tract size (4.06 ac → 11.83 ac)-6.4%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Full utilities)+43.5%

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.