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Eddy County, NM · Sold

NM-597619

2288 County Road 389

$233,000
$644/ac · 362 ac
Acreage362 ac
Price per acre$644/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedJul 31, 2024
Coordinates32.5071, -104.4470
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

2 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands7.1% of tract

Little to no mapped wetland coverage.

Average slope12.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power24 ft away

Power at or near the road.

Buildable area319.26 of 361.75 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$232,483
$182,136$282,830 · $643/ac on 362 ac
Asking vs estimate
+0.2%
In line with the comp set

Weighted from 9 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 $233,000
Maximum allowable offer
$132,848
$367/ac · +30.0% target margin

You need $100,152 off asking to hit this margin.

All-in cost$144,140
Net resale$213,885
Projected profit$69,744
ROI+48.4%
Annualized+69.2%
Break-even resale$433/ac
Profit if resale lands off target
-20%
$26,968
-10%
$48,356
0%
$69,744
+10%
$91,133
+20%
$112,521
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-767211
Gravel · Off grid
269.2Jul 27, 2026$202,7007535543.4 mi
86
NM-407781
Dirt · Power at road
406.8Nov 13, 2025$368,30090576510.4 mi
81
NM-327257
Gravel · Full utilities
278.3Jul 27, 2026$230,80082942911.0 mi
78
NM-618651
Dirt · Power at road
764.0Jun 28, 2026$440,60057757511.7 mi
76
NM-867686
Dirt · Power at road
379.7Mar 17, 2024$223,80058952112.5 mi
69
NM-565918
Landlocked · Off grid
105.5Jul 27, 2026$96,30091376616.2 mi
65
NM-166741
Dirt · Full utilities
191.5Jul 11, 2024$222,7001,1636839.8 mi
60
NM-806065
Landlocked · Full utilities
117.3Sep 24, 2024$165,0001,4069107.2 mi
59
NM-305982
Gravel · Off grid
110.5May 22, 2025$122,3001,10767116.3 mi
54
Show adjustment detail for the top comp
  • Tract size (269.18 ac → 361.75 ac)-8.3%
  • Access (Gravel → Landlocked)-32.0%
  • 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.