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Eddy County, NM · Sold

NM-304260

2098 County Road 135

$32,400
$1,021/ac · 31.74 ac
Acreage31.74 ac
Price per acre$1,021/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedMar 11, 2024
Coordinates32.4062, -104.4074
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
2
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,138 ft of deeded road frontage.

Power95 ft away

Power at or near the road.

Buildable area29.40 of 31.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$38,613
$31,086$46,139 · $1,217/ac on 31.74 ac
Asking vs estimate
-16.1%
Priced below 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 $32,400
Maximum allowable offer
$22,064
$695/ac · +30.0% target margin

You need $10,336 off asking to hit this margin.

All-in cost$23,939
Net resale$35,524
Projected profit$11,584
ROI+48.4%
Annualized+69.3%
Break-even resale$820/ac
Profit if resale lands off target
-20%
$4,479
-10%
$8,032
0%
$11,584
+10%
$15,137
+20%
$18,689
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-704848
Paved · Off grid
48.6Jul 27, 2026$51,5001,0609854.5 mi
83
NM-324113
Gravel · Full utilities
28.5Jul 27, 2026$51,2001,7961,24712.4 mi
80
NM-925514
Paved · Power at road
78.7Jul 27, 2026$112,7001,4321,2545.1 mi
78
NM-563848
Dirt · Off grid
23.6May 1, 2025$18,90080495311.9 mi
74
NM-443172
Gravel · Full utilities
14.4May 30, 2026$29,1002,0191,29211.5 mi
68
NM-565918
Landlocked · Off grid
105.5Jul 27, 2026$96,3009131,75016.9 mi
67
NM-722668
Gravel · Power at road
10.0Nov 11, 2024$14,2001,4211,1429.3 mi
63
NM-782760
Dirt · Full utilities
10.7Apr 4, 2024$14,1001,3181,04014.5 mi
59
NM-952816
Gravel · Power at road
11.2Dec 3, 2024$14,5001,3011,05315.1 mi
57
NM-305982
Gravel · Off grid
110.5May 22, 2025$122,3001,1071,53317.0 mi
53
Show adjustment detail for the top comp
  • Tract size (48.6 ac → 31.74 ac)+8.0%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Off grid → Power at road)+17.6%

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.