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Eddy County, NM · Sold

NM-110755

5650 County Road 8

$4,000
$1,594/ac · 2.51 ac
Acreage2.51 ac
Price per acre$1,594/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedDec 6, 2023
Coordinates32.4532, -104.2203
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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

4 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands0.8% of tract

Little to no mapped wetland coverage.

Average slope28.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power8,216 ft away

A long utility run — price in solar/off-grid instead.

Buildable area1.49 of 2.51 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,114
$3,458$4,769 · $1,639/ac on 2.51 ac
Asking vs estimate
-2.8%
In line with the comp set

Weighted from 6 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 $4,000
Maximum allowable offer
$2,351
$937/ac · +30.0% target margin

You need $1,649 off asking to hit this margin.

All-in cost$2,551
Net resale$3,785
Projected profit$1,234
ROI+48.4%
Annualized+69.2%
Break-even resale$1,105/ac
Profit if resale lands off target
-20%
$477
-10%
$855
0%
$1,234
+10%
$1,612
+20%
$1,991
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-300629
Paved · Off grid
2.3Jul 27, 2026$3,4001,5021,50211.9 mi
85
NM-980386
Paved · Off grid
1.9Oct 15, 2025$2,8001,4401,4822.6 mi
81
NM-561460
Paved · Off grid
4.2Jun 3, 2024$8,2001,9702,1877.7 mi
72
NM-722668
Gravel · Power at road
10.0Nov 11, 2024$14,2001,4211,6364.4 mi
57
NM-952816
Gravel · Power at road
11.2Dec 3, 2024$14,5001,3011,5078.5 mi
54
NM-782760
Dirt · Full utilities
10.7Apr 4, 2024$14,1001,3181,4896.3 mi
53
Show adjustment detail for the top comp

    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.