NM-619634
5448 County Road 380
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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.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
5,447 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 $335,870 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-369641 Paved · Off grid | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 624 | 2.6 mi | 78 |
| NM-479536 Gravel · Off grid | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 300 | 19.2 mi | 77 |
| NM-199981 Gravel · Power at road | 2002.3 | Aug 28, 2025 | $606,400 | 303 | 293 | 11.3 mi | 72 |
| NM-268587 Dirt · Full utilities | 729.4 | Jul 16, 2026 | $579,200 | 794 | 516 | 12.2 mi | 72 |
| NM-969323 Gravel · Power at road | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 348 | 10.7 mi | 68 |
| NM-587943 Dirt · Full utilities | 457.4 | Oct 30, 2025 | $302,800 | 662 | 384 | 5.6 mi | 65 |
| NM-778211 Paved · Off grid | 555.5 | Jan 13, 2025 | $417,800 | 752 | 500 | 8.5 mi | 58 |
Show adjustment detail for the top comp
- Access (Paved → Dirt)-27.1%
- Utilities (Off grid → Power at road)+17.6%
- Market time (17 mo)+5.9%
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.