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Eddy County, NM · Sold

NM-867686

2929 County Road 8

$239,900
$632/ac · 380 ac
Acreage380 ac
Price per acre$632/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedSep 25, 2023
Coordinates32.4708, -104.2362
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

No material red flags on the mapped layers.

Risk index
6
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope4.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,771 ft of deeded road frontage.

Power77 ft away

Power at or near the road.

Buildable area336.94 of 379.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$305,512
$243,030$367,993 · $805/ac on 380 ac
Asking vs estimate
-21.5%
Priced below the comp set

Weighted from 8 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 $239,900
Maximum allowable offer
$174,578
$460/ac · +30.0% target margin

You need $65,322 off asking to hit this margin.

All-in cost$189,417
Net resale$281,071
Projected profit$91,654
ROI+48.4%
Annualized+69.2%
Break-even resale$542/ac
Profit if resale lands off target
-20%
$35,439
-10%
$63,546
0%
$91,654
+10%
$119,761
+20%
$147,868
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-407781
Dirt · Power at road
406.8Nov 13, 2025$368,3009059538.6 mi
81
NM-767211
Gravel · Off grid
269.2Jul 27, 2026$202,70075369110.9 mi
77
NM-327257
Gravel · Full utilities
278.3Jul 27, 2026$230,80082953513.7 mi
75
NM-597619
Landlocked · Power at road
361.8Jun 25, 2025$219,70060779312.5 mi
74
NM-618651
Dirt · Power at road
764.0Jun 28, 2026$440,60057771716.0 mi
72
NM-166741
Dirt · Full utilities
191.5Jul 11, 2024$222,7001,1638524.7 mi
65
NM-305982
Gravel · Off grid
110.5May 22, 2025$122,3001,1078376.7 mi
63
NM-806065
Landlocked · Full utilities
117.3Sep 24, 2024$165,0001,4061,13512.8 mi
58
Show adjustment detail for the top comp
  • Tract size (406.79 ac → 379.74 ac)+2.1%
  • Market time (9 mo)+3.2%

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.