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Eddy County, NM · Sold

NM-618651

1254 County Road 230

$438,000
$573/ac · 764 ac
Acreage764 ac
Price per acre$573/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedMay 20, 2025
Coordinates32.3383, -104.4615
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

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands16.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,244 ft of deeded road frontage.

Power80 ft away

Power at or near the road.

Buildable area608.93 of 763.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$448,357
$359,762$536,952 · $587/ac on 764 ac
Asking vs estimate
-2.3%
In line with the comp set

Weighted from 5 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 $438,000
Maximum allowable offer
$256,204
$335/ac · +30.0% target margin

You need $181,796 off asking to hit this margin.

All-in cost$277,981
Net resale$412,489
Projected profit$134,507
ROI+48.4%
Annualized+69.2%
Break-even resale$395/ac
Profit if resale lands off target
-20%
$52,010
-10%
$93,258
0%
$134,507
+10%
$175,756
+20%
$217,005
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-767211
Gravel · Off grid
269.2Jul 27, 2026$202,7007535598.8 mi
73
NM-327257
Gravel · Full utilities
278.3Jul 27, 2026$230,8008294332.4 mi
73
NM-407781
Dirt · Power at road
406.8Nov 13, 2025$368,30090577219.6 mi
71
NM-597619
Landlocked · Power at road
361.8Jun 25, 2025$219,70060764211.7 mi
69
NM-867686
Dirt · Power at road
379.7Mar 17, 2024$223,80058952516.0 mi
60
Show adjustment detail for the top comp
  • Tract size (269.18 ac → 763.98 ac)-26.8%
  • Access (Gravel → Dirt)-14.0%
  • 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.