Eddy County, NM · Sold

NM-305982

7267 County Road 109

$115,200

$1,043/ac · 111 ac

Offer report Market this tract

Acreage111 ac

Price per acre$1,043/ac

ZoningResidential

Road accessGravel

UtilitiesOff grid

TopographySloped

ListedAug 3, 2024

Coordinates32.5515, -104.1720

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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

Eddy County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Eddy market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index

Moderate risk

Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope26.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,116 ft of deeded road frontage.

Power11,996 ft away

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

Buildable area62.26 of 110.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$116,404

$87,909 – $144,899 · $1,053/ac on 111 ac

Asking vs estimate

-1.0%

In line with the comp set

Weighted from 10 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 $115,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$66,517

$602/ac · +30.0% target margin

You need $48,683 off asking to hit this margin.

All-in cost$72,171

Net resale$107,092

Projected profit$34,921

ROI+48.4%

Annualized+69.2%

Break-even resale$710/ac

Profit if resale lands off target

-20%

$13,502

-10%

$24,212

$34,921

+10%

$45,630

+20%

$56,339

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-565918 Landlocked · Off grid	105.5	Jul 27, 2026	$96,300	913	1,330	0.1 mi	91
NM-925514 Paved · Power at road	78.7	Jul 27, 2026	$112,700	1,432	952	12.3 mi	76
NM-767211 Gravel · Off grid	269.2	Jul 27, 2026	$202,700	753	961	15.9 mi	71
NM-806065 Landlocked · Full utilities	117.3	Sep 24, 2024	$165,000	1,406	1,579	18.7 mi	71
NM-704848 Paved · Off grid	48.6	Jul 27, 2026	$51,500	1,060	748	19.6 mi	68
NM-327257 Gravel · Full utilities	278.3	Jul 27, 2026	$230,800	829	745	20.2 mi	67
NM-166741 Dirt · Full utilities	191.5	Jul 11, 2024	$222,700	1,163	1,186	6.5 mi	64
NM-867686 Dirt · Power at road	379.7	Mar 17, 2024	$223,800	589	904	6.7 mi	59
NM-597619 Landlocked · Power at road	361.8	Jun 25, 2025	$219,700	607	1,105	16.3 mi	55
NM-304260 Dirt · Power at road	31.7	Dec 25, 2024	$34,500	1,086	882	17.0 mi	51

Show adjustment detail for the top comp

Tract size (105.5 ac → 110.5 ac)-1.2%
Access (Landlocked → Gravel)+47.1%

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.

Build the listing kit Post a deal or JV