NM-361852
5152 County Road 215
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.
Lea County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.
View Lea 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.
215 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 8 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 $2,994 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-462991 Dirt · Power at road | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,551 | 3.0 mi | 80 |
| NM-131866 Gravel · Power at road | 5.6 | Jun 16, 2025 | $6,000 | 1,070 | 965 | 7.1 mi | 79 |
| NM-171901 Dirt · Power at road | 5.8 | Apr 7, 2024 | $9,100 | 1,574 | 1,733 | 11.9 mi | 73 |
| NM-811756 Paved · Full utilities | 5.2 | Dec 18, 2024 | $9,500 | 1,833 | 1,168 | 14.8 mi | 68 |
| NM-543236 Gravel · Off grid | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,754 | 3.1 mi | 66 |
| NM-590864 Gravel · Off grid | 2.7 | Dec 28, 2025 | $3,500 | 1,289 | 1,303 | 12.7 mi | 65 |
| NM-673568 Landlocked · Off grid | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,276 | 15.6 mi | 63 |
| NM-963194 Gravel · Off grid | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,665 | 9.7 mi | 60 |
Show adjustment detail for the top comp
- Tract size (12.66 ac → 5.55 ac)+6.0%
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.