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Lea County, NM · Sold

NM-316068

2393 County Road 184

$74,500
$633/ac · 118 ac
Acreage118 ac
Price per acre$633/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedMar 7, 2026
Coordinates32.7778, -103.3668
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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

1 item to verify before you offer.

Risk index
12
Low risk
Wetlands4.8% of tract

Little to no mapped wetland coverage.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,854 ft of deeded road frontage.

Power10,316 ft away

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

Buildable area106.37 of 117.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$89,936
$67,395$112,477 · $765/ac on 118 ac
Asking vs estimate
-17.2%
Priced below the comp set

Weighted from 5 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 $74,500
Maximum allowable offer
$51,392
$437/ac · +30.0% target margin

You need $23,108 off asking to hit this margin.

All-in cost$55,760
Net resale$82,741
Projected profit$26,980
ROI+48.4%
Annualized+69.2%
Break-even resale$515/ac
Profit if resale lands off target
-20%
$10,432
-10%
$18,706
0%
$26,980
+10%
$35,255
+20%
$43,529
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-806012
Gravel · Power at road
112.9Jul 27, 2026$150,5001,3329663.1 mi
91
NM-104421
Gravel · Off grid
35.7Jul 27, 2026$30,2008465626.2 mi
71
NM-714569
Dirt · Off grid
39.7Dec 10, 2025$30,1007586136.7 mi
68
NM-517765
Landlocked · Off grid
402.1Nov 22, 2025$138,90034563511.1 mi
61
NM-737334
Gravel · Power at road
294.3Oct 17, 2024$295,5001,0041,01711.5 mi
57
Show adjustment detail for the top comp
  • Tract size (112.93 ac → 117.61 ac)-1.0%
  • Access (Gravel → Dirt)-14.0%
  • 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.