NM-565918
450 County Road 331
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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?
2 items to verify before you offer.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Outside the mapped floodplain.
No legal access of record — resale is severely limited.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 9 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 $48,766 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-305982 Gravel · Off grid | 110.5 | May 22, 2025 | $122,300 | 1,107 | 801 | 0.1 mi | 82 |
| NM-925514 Paved · Power at road | 78.7 | Jul 27, 2026 | $112,700 | 1,432 | 655 | 12.2 mi | 81 |
| NM-704848 Paved · Off grid | 48.6 | Jul 27, 2026 | $51,500 | 1,060 | 515 | 19.5 mi | 73 |
| NM-806065 Landlocked · Full utilities | 117.3 | Sep 24, 2024 | $165,000 | 1,406 | 1,086 | 18.6 mi | 68 |
| NM-767211 Gravel · Off grid | 269.2 | Jul 27, 2026 | $202,700 | 753 | 661 | 15.8 mi | 68 |
| NM-327257 Gravel · Full utilities | 278.3 | Jul 27, 2026 | $230,800 | 829 | 512 | 20.1 mi | 64 |
| NM-166741 Dirt · Full utilities | 191.5 | Jul 11, 2024 | $222,700 | 1,163 | 816 | 6.4 mi | 63 |
| NM-597619 Landlocked · Power at road | 361.8 | Jun 25, 2025 | $219,700 | 607 | 760 | 16.2 mi | 57 |
| NM-304260 Dirt · Power at road | 31.7 | Dec 25, 2024 | $34,500 | 1,086 | 607 | 16.9 mi | 56 |
Show adjustment detail for the top comp
- Tract size (110.5 ac → 105.5 ac)+1.2%
- Access (Gravel → Landlocked)-32.0%
- Market time (15 mo)+5.2%
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.