NM-462991
3109 County Road 38
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?
1 item to verify before you offer.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Outside the mapped floodplain.
Access by easement; pull and read the recorded document.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 10 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 $10,398 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-543236 Gravel · Off grid | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,654 | 0.4 mi | 79 |
| NM-361852 Dirt · Power at road | 5.5 | Jul 12, 2026 | $8,000 | 1,436 | 1,360 | 3.0 mi | 79 |
| NM-963194 Gravel · Off grid | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,571 | 11.3 mi | 71 |
| NM-104421 Gravel · Off grid | 35.7 | Jul 27, 2026 | $30,200 | 846 | 984 | 5.1 mi | 71 |
| NM-131866 Gravel · Power at road | 5.6 | Jun 16, 2025 | $6,000 | 1,070 | 911 | 9.9 mi | 69 |
| NM-394197 Dirt · Power at road | 30.3 | Dec 16, 2025 | $33,400 | 1,103 | 1,266 | 11.8 mi | 68 |
| NM-673568 Landlocked · Off grid | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,204 | 17.3 mi | 67 |
| NM-171901 Dirt · Power at road | 5.8 | Apr 7, 2024 | $9,100 | 1,574 | 1,635 | 12.0 mi | 65 |
| NM-714569 Dirt · Off grid | 39.7 | Dec 10, 2025 | $30,100 | 758 | 1,074 | 12.8 mi | 63 |
| NM-811756 Paved · Full utilities | 5.2 | Dec 18, 2024 | $9,500 | 1,833 | 1,101 | 14.8 mi | 60 |
Show adjustment detail for the top comp
- Tract size (15.12 ac → 12.66 ac)+1.8%
- Access (Gravel → Dirt)-14.0%
- Utilities (Off grid → Power at road)+17.6%
- Market time (10 mo)+3.5%
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.