NM-199981
8997 County Road 278
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.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
10,606 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 5 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 $68,743 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-479536 Gravel · Off grid | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 322 | 11.1 mi | 84 |
| NM-619634 Dirt · Power at road | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 439 | 11.3 mi | 79 |
| NM-268587 Dirt · Full utilities | 729.4 | Jul 16, 2026 | $579,200 | 794 | 554 | 1.5 mi | 73 |
| NM-969323 Gravel · Power at road | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 373 | 1.5 mi | 71 |
| NM-369641 Paved · Off grid | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 670 | 10.5 mi | 68 |
Show adjustment detail for the top comp
- Tract size (1450.49 ac → 2002.25 ac)-9.6%
- 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.