NM-407781
4128 County Road 365
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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?
3 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
1,598 ft of deeded road frontage.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $172,900 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-767211 Gravel · Off grid | 269.2 | Jul 27, 2026 | $202,700 | 753 | 677 | 11.4 mi | 79 |
| NM-597619 Landlocked · Power at road | 361.8 | Jun 25, 2025 | $219,700 | 607 | 777 | 10.4 mi | 79 |
| NM-618651 Dirt · Power at road | 764.0 | Jun 28, 2026 | $440,600 | 577 | 702 | 19.6 mi | 76 |
| NM-867686 Dirt · Power at road | 379.7 | Mar 17, 2024 | $223,800 | 589 | 636 | 8.6 mi | 74 |
| NM-327257 Gravel · Full utilities | 278.3 | Jul 27, 2026 | $230,800 | 829 | 524 | 17.9 mi | 72 |
| NM-166741 Dirt · Full utilities | 191.5 | Jul 11, 2024 | $222,700 | 1,163 | 835 | 4.0 mi | 65 |
| NM-806065 Landlocked · Full utilities | 117.3 | Sep 24, 2024 | $165,000 | 1,406 | 1,112 | 15.2 mi | 52 |
Show adjustment detail for the top comp
- Tract size (269.18 ac → 406.79 ac)-11.4%
- 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.