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Eddy County, NM · Sold

NM-722668

5245 County Road 299

$15,800
$1,577/ac · 10.02 ac
Acreage10.02 ac
Price per acre$1,577/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedMar 4, 2024
Coordinates32.4892, -104.2816
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
4
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

257 ft of deeded road frontage.

Power188 ft away

Power at or near the road.

Buildable area9.19 of 10.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$15,764
$13,436$18,093 · $1,573/ac on 10.02 ac
Asking vs estimate
+0.2%
In line with 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 $15,800
Maximum allowable offer
$9,008
$899/ac · +30.0% target margin

You need $6,792 off asking to hit this margin.

All-in cost$9,774
Net resale$14,503
Projected profit$4,730
ROI+48.4%
Annualized+69.3%
Break-even resale$1,060/ac
Profit if resale lands off target
-20%
$1,829
-10%
$3,279
0%
$4,730
+10%
$6,180
+20%
$7,630
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-443172
Gravel · Full utilities
14.4May 30, 2026$29,1002,0191,7262.3 mi
82
NM-952816
Gravel · Power at road
11.2Dec 3, 2024$14,5001,3011,40612.5 mi
74
NM-782760
Dirt · Full utilities
10.7Apr 4, 2024$14,1001,3181,38910.4 mi
73
NM-324113
Gravel · Full utilities
28.5Jul 27, 2026$51,2001,7961,6669.8 mi
71
NM-563848
Dirt · Off grid
23.6May 1, 2025$18,9008041,2734.2 mi
68
NM-304260
Dirt · Power at road
31.7Dec 25, 2024$34,5001,0861,5519.3 mi
63
NM-561460
Paved · Off grid
4.2Jun 3, 2024$8,2001,9702,0413.8 mi
61
Show adjustment detail for the top comp
  • Tract size (14.43 ac → 10.02 ac)+3.4%
  • 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.