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Eddy County, NM · Sold

NM-782760

3597 County Road 156

$15,900
$1,485/ac · 10.71 ac
Acreage10.71 ac
Price per acre$1,485/ac
ZoningAgricultural
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedNov 17, 2023
Coordinates32.3780, -104.1603
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

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

4 items to verify before you offer.

Risk index
30
Low risk
Wetlands17.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area8.44 of 10.71 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$17,734
$15,330$20,138 · $1,656/ac on 10.71 ac
Asking vs estimate
-10.3%
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 $15,900
Maximum allowable offer
$10,134
$946/ac · +30.0% target margin

You need $5,766 off asking to hit this margin.

All-in cost$10,995
Net resale$16,316
Projected profit$5,320
ROI+48.4%
Annualized+69.2%
Break-even resale$1,116/ac
Profit if resale lands off target
-20%
$2,057
-10%
$3,689
0%
$5,320
+10%
$6,952
+20%
$8,583
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-443172
Gravel · Full utilities
14.4May 30, 2026$29,1002,0191,8029.7 mi
78
NM-952816
Gravel · Power at road
11.2Dec 3, 2024$14,5001,3011,4672.5 mi
76
NM-324113
Gravel · Full utilities
28.5Jul 27, 2026$51,2001,7961,7382.5 mi
75
NM-722668
Gravel · Power at road
10.0Nov 11, 2024$14,2001,4211,59210.4 mi
75
NM-563848
Dirt · Off grid
23.6May 1, 2025$18,9008041,32914.2 mi
66
NM-304260
Dirt · Power at road
31.7Dec 25, 2024$34,5001,0861,61814.5 mi
61
NM-561460
Paved · Off grid
4.2Jun 3, 2024$8,2001,9702,12913.9 mi
54
Show adjustment detail for the top comp
  • Tract size (14.43 ac → 10.71 ac)+2.8%
  • Access (Gravel → Dirt)-14.0%
  • Market time (3 mo)+0.9%

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.