NM-737334
5498 County Road 1
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.
Moderate flood hazard on part of the tract.
3,045 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 6 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 $143,915 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-587943 Dirt · Full utilities | 457.4 | Oct 30, 2025 | $302,800 | 662 | 743 | 1.0 mi | 75 |
| NM-806012 Gravel · Power at road | 112.9 | Jul 27, 2026 | $150,500 | 1,332 | 1,027 | 10.8 mi | 73 |
| NM-517765 Landlocked · Off grid | 402.1 | Nov 22, 2025 | $138,900 | 345 | 675 | 18.7 mi | 67 |
| NM-268587 Dirt · Full utilities | 729.4 | Jul 16, 2026 | $579,200 | 794 | 997 | 16.9 mi | 65 |
| NM-316068 Dirt · Off grid | 117.6 | Mar 22, 2026 | $76,400 | 650 | 703 | 11.5 mi | 65 |
| NM-778211 Paved · Off grid | 555.5 | Jan 13, 2025 | $417,800 | 752 | 966 | 13.4 mi | 60 |
Show adjustment detail for the top comp
- Tract size (457.44 ac → 294.26 ac)+13.9%
- Access (Dirt → Gravel)+16.3%
- Utilities (Full utilities → Power at road)-18.0%
- Market time (10 mo)+3.3%
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.