NM-369641
2877 County Road 400
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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.
5,320 ft of deeded road frontage.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 7 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 $617,075 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-619634 Dirt · Power at road | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 475 | 2.6 mi | 88 |
| NM-479536 Gravel · Off grid | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 349 | 17.1 mi | 80 |
| NM-268587 Dirt · Full utilities | 729.4 | Jul 16, 2026 | $579,200 | 794 | 601 | 11.6 mi | 74 |
| NM-199981 Gravel · Power at road | 2002.3 | Aug 28, 2025 | $606,400 | 303 | 342 | 10.5 mi | 71 |
| NM-778211 Paved · Off grid | 555.5 | Jan 13, 2025 | $417,800 | 752 | 582 | 8.3 mi | 67 |
| NM-969323 Gravel · Power at road | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 405 | 9.6 mi | 66 |
| NM-587943 Dirt · Full utilities | 457.4 | Oct 30, 2025 | $302,800 | 662 | 447 | 6.3 mi | 62 |
Show adjustment detail for the top comp
- Access (Dirt → Paved)+37.2%
- Utilities (Power at road → Off grid)-15.0%
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.