Eddy County, NM · Sold

NM-952816

7207 County Road 29

$14,000

$1,256/ac · 11.15 ac

Offer report Market this tract

Acreage11.15 ac

Price per acre$1,256/ac

ZoningRecreational

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedJan 1, 2024

Coordinates32.3413, -104.1595

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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

Low risk

Wetlands16.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

851 ft of deeded road frontage.

Power230 ft away

Power at or near the road.

Buildable area8.80 of 11.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$17,573

$15,187 – $19,959 · $1,576/ac on 11.15 ac

Asking vs estimate

-20.3%

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 $14,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$10,042

$901/ac · +30.0% target margin

You need $3,958 off asking to hit this margin.

All-in cost$10,896

Net resale$16,167

Projected profit$5,271

ROI+48.4%

Annualized+69.2%

Break-even resale$1,062/ac

Profit if resale lands off target

-20%

$2,038

-10%

$3,655

$5,271

+10%

$6,888

+20%

$8,505

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-443172 Gravel · Full utilities	14.4	May 30, 2026	$29,100	2,019	1,711	11.9 mi	78
NM-324113 Gravel · Full utilities	28.5	Jul 27, 2026	$51,200	1,796	1,651	2.9 mi	76
NM-782760 Dirt · Full utilities	10.7	Apr 4, 2024	$14,100	1,318	1,377	2.5 mi	74
NM-722668 Gravel · Power at road	10.0	Nov 11, 2024	$14,200	1,421	1,512	12.5 mi	74
NM-563848 Dirt · Off grid	23.6	May 1, 2025	$18,900	804	1,262	16.3 mi	59
NM-304260 Dirt · Power at road	31.7	Dec 25, 2024	$34,500	1,086	1,537	15.1 mi	57
NM-561460 Paved · Off grid	4.2	Jun 3, 2024	$8,200	1,970	2,022	16.1 mi	53

Show adjustment detail for the top comp

Tract size (14.43 ac → 11.15 ac)+2.5%
Utilities (Full utilities → Power at road)-18.0%
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.

Build the listing kit Post a deal or JV