NM-268587
9688 County Road 164
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?
2 items to verify before you offer.
Little to no mapped wetland coverage.
Steep ground — expect meaningful site work to build.
Outside the mapped floodplain.
5,377 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 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 $358,013 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-778211 Paved · Off grid | 555.5 | Jan 13, 2025 | $417,800 | 752 | 772 | 3.8 mi | 76 |
| NM-517765 Landlocked · Off grid | 402.1 | Nov 22, 2025 | $138,900 | 345 | 540 | 3.8 mi | 75 |
| NM-619634 Dirt · Power at road | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 631 | 12.2 mi | 72 |
| NM-479536 Gravel · Off grid | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 463 | 12.0 mi | 71 |
| NM-587943 Dirt · Full utilities | 457.4 | Oct 30, 2025 | $302,800 | 662 | 594 | 17.6 mi | 69 |
| NM-199981 Gravel · Power at road | 2002.3 | Aug 28, 2025 | $606,400 | 303 | 453 | 1.5 mi | 66 |
| NM-969323 Gravel · Power at road | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 537 | 2.9 mi | 65 |
| NM-369641 Paved · Off grid | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 964 | 11.6 mi | 65 |
| NM-737334 Gravel · Power at road | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 864 | 16.9 mi | 54 |
Show adjustment detail for the top comp
- Tract size (555.46 ac → 729.37 ac)-8.0%
- Access (Paved → Dirt)-27.1%
- Utilities (Off grid → Full utilities)+43.5%
- Market time (19 mo)+6.7%
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.