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Lea County, NM · Sold

NM-104421

7083 County Road 294

$29,400
$824/ac · 35.67 ac
Acreage35.67 ac
Price per acre$824/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedJul 21, 2026
Coordinates32.7082, -103.3007
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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

3 items to verify before you offer.

Risk index
24
Low risk
Wetlands11.8% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

887 ft of deeded road frontage.

Power14,516 ft away

A long utility run — price in solar/off-grid instead.

Buildable area29.89 of 35.67 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$42,433
$35,505$49,362 · $1,190/ac on 35.67 ac
Asking vs estimate
-30.7%
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 $29,400
Maximum allowable offer
$24,248
$680/ac · +30.0% target margin

You need $5,152 off asking to hit this margin.

All-in cost$26,309
Net resale$39,039
Projected profit$12,730
ROI+48.4%
Annualized+69.2%
Break-even resale$802/ac
Profit if resale lands off target
-20%
$4,922
-10%
$8,826
0%
$12,730
+10%
$16,633
+20%
$20,537
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-714569
Dirt · Off grid
39.7Dec 10, 2025$30,10075892412.8 mi
76
NM-394197
Dirt · Power at road
30.3Dec 16, 2025$33,4001,1031,09015.2 mi
72
NM-543236
Gravel · Off grid
15.1Oct 12, 2025$23,5001,5511,4244.8 mi
71
NM-462991
Dirt · Power at road
12.7Jul 27, 2026$18,5001,4601,2595.1 mi
71
NM-806012
Gravel · Power at road
112.9Jul 27, 2026$150,5001,3321,4569.3 mi
70
NM-316068
Dirt · Off grid
117.6Mar 22, 2026$76,4006509966.2 mi
68
NM-673568
Landlocked · Off grid
19.2Jan 17, 2026$14,5007551,03717.5 mi
67
NM-963194
Gravel · Off grid
14.7Jul 22, 2025$21,5001,4651,35312.1 mi
65
Show adjustment detail for the top comp
  • Tract size (39.7 ac → 35.67 ac)+1.9%
  • Access (Dirt → Gravel)+16.3%
  • Market time (8 mo)+2.9%

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.