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Lea County, NM · Sold

NM-806012

6435 County Road 269

$142,900
$1,265/ac · 113 ac
Acreage113 ac
Price per acre$1,265/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedSep 23, 2025
Coordinates32.8149, -103.3979
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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands4.1% of tract

Little to no mapped wetland coverage.

Average slope7.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power154 ft away

Power at or near the road.

Buildable area102.88 of 112.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$112,085
$89,908$134,263 · $993/ac on 113 ac
Asking vs estimate
+27.5%
Priced above 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 $142,900
Maximum allowable offer
$64,049
$567/ac · +30.0% target margin

You need $78,851 off asking to hit this margin.

All-in cost$69,493
Net resale$103,118
Projected profit$33,625
ROI+48.4%
Annualized+69.2%
Break-even resale$669/ac
Profit if resale lands off target
-20%
$13,002
-10%
$23,313
0%
$33,625
+10%
$43,937
+20%
$54,249
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-316068
Dirt · Off grid
117.6Mar 22, 2026$76,4006509133.1 mi
88
NM-104421
Gravel · Off grid
35.7Jul 27, 2026$30,2008467779.3 mi
70
NM-714569
Dirt · Off grid
39.7Dec 10, 2025$30,1007588483.6 mi
66
NM-394197
Dirt · Power at road
30.3Dec 16, 2025$33,4001,1031,0009.0 mi
63
NM-587943
Dirt · Full utilities
457.4Oct 30, 2025$302,80066296511.7 mi
62
NM-737334
Gravel · Power at road
294.3Oct 17, 2024$295,5001,0041,40510.8 mi
61
NM-517765
Landlocked · Off grid
402.1Nov 22, 2025$138,9003458789.0 mi
61
NM-778211
Paved · Off grid
555.5Jan 13, 2025$417,8007521,2567.5 mi
54
Show adjustment detail for the top comp
  • Tract size (117.61 ac → 112.93 ac)+1.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (5 mo)+1.7%

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.