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Lea County, NM · Sold

NM-969323

3749 County Road 285

$533,600
$429/ac · 1,243 ac
Acreage1,243 ac
Price per acre$429/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedJan 5, 2024
Coordinates32.8399, -103.4996
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

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?

Due diligence

4 items to verify before you offer.

Risk index
30
Low risk
Wetlands17.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power6 ft away

Power at or near the road.

Buildable area975.45 of 1243.09 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$649,507
$480,284$818,729 · $522/ac on 1,243 ac
Asking vs estimate
-17.8%
Priced below the comp set

Weighted from 8 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 $533,600
Maximum allowable offer
$371,147
$299/ac · +30.0% target margin

You need $162,453 off asking to hit this margin.

All-in cost$402,694
Net resale$597,546
Projected profit$194,852
ROI+48.4%
Annualized+69.2%
Break-even resale$352/ac
Profit if resale lands off target
-20%
$75,343
-10%
$135,097
0%
$194,852
+10%
$254,606
+20%
$314,361
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-479536
Gravel · Off grid
1450.5Jul 27, 2026$438,20030237410.4 mi
82
NM-619634
Dirt · Power at road
1557.2Jul 27, 2026$634,40040750910.7 mi
81
NM-268587
Dirt · Full utilities
729.4Jul 16, 2026$579,2007946442.9 mi
78
NM-199981
Gravel · Power at road
2002.3Aug 28, 2025$606,4003033661.5 mi
77
NM-369641
Paved · Off grid
1565.1Mar 18, 2025$1,073,7006867799.6 mi
69
NM-517765
Landlocked · Off grid
402.1Nov 22, 2025$138,9003454363.7 mi
65
NM-778211
Paved · Off grid
555.5Jan 13, 2025$417,8007526243.9 mi
63
NM-587943
Dirt · Full utilities
457.4Oct 30, 2025$302,80066248015.9 mi
59
Show adjustment detail for the top comp
  • Tract size (1450.49 ac → 1243.09 ac)+4.9%
  • 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.