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Andrews County, TX · Sold

TX-498606

4060 County Road 203

$2,129,000
$5,566/ac · 382 ac
Acreage382 ac
Price per acre$5,566/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedNov 26, 2023
Coordinates32.3064, -102.7152
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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

Andrews County, Texas. The deepest land market in the country; hill country premium, west Texas value.

View Andrews market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands36.3% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

2,487 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area231.46 of 382.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,492,895
$1,193,012$1,792,778 · $3,903/ac on 382 ac
Asking vs estimate
+42.6%
Priced above 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 $2,129,000
Maximum allowable offer
$853,083
$2,230/ac · +30.0% target margin

You need $1,275,917 off asking to hit this margin.

All-in cost$925,595
Net resale$1,373,463
Projected profit$447,868
ROI+48.4%
Annualized+69.2%
Break-even resale$2,630/ac
Profit if resale lands off target
-20%
$173,176
-10%
$310,522
0%
$447,868
+10%
$585,214
+20%
$722,561
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TX-487625
Gravel · Off grid
187.9Sep 26, 2025$480,7002,5583,1051.2 mi
77
TX-878572
Landlocked · Power at road
373.2Nov 7, 2024$768,0002,0583,9384.9 mi
75
TX-858045
Gravel · Power at road
254.8Jun 13, 2025$678,2002,6623,0274.7 mi
73
TX-169803
Landlocked · Off grid
910.4Jul 27, 2026$1,598,6001,7564,8368.3 mi
71
TX-159975
Gravel · Off grid
1031.2Jun 17, 2025$2,445,0002,3714,83011.5 mi
61
Show adjustment detail for the top comp
  • Tract size (187.92 ac → 382.49 ac)-18.5%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (11 mo)+3.7%

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.