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Lea County, NM · Sold

NM-811756

8774 County Road 93

$8,900
$1,721/ac · 5.17 ac
Acreage5.17 ac
Price per acre$1,721/ac
ZoningRecreational
Road accessPaved
UtilitiesFull utilities
TopographyMixed
ListedOct 27, 2024
Coordinates32.8864, -103.3107
Loading terrain…
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

No material red flags on the mapped layers.

Risk index
6
Low risk
Wetlands1.8% of tract

Little to no mapped wetland coverage.

Average slope8.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

544 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area4.82 of 5.17 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,829
$10,561$15,096 · $2,481/ac on 5.17 ac
Asking vs estimate
-30.6%
Priced below the comp set

Weighted from 7 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 $8,900
Maximum allowable offer
$7,331
$1,418/ac · +30.0% target margin

You need $1,569 off asking to hit this margin.

All-in cost$7,954
Net resale$11,802
Projected profit$3,848
ROI+48.4%
Annualized+69.2%
Break-even resale$1,672/ac
Profit if resale lands off target
-20%
$1,488
-10%
$2,668
0%
$3,848
+10%
$5,029
+20%
$6,209
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-361852
Dirt · Power at road
5.5Jul 12, 2026$8,0001,4362,42214.8 mi
79
NM-171901
Dirt · Power at road
5.8Apr 7, 2024$9,1001,5742,9112.9 mi
77
NM-131866
Gravel · Power at road
5.6Jun 16, 2025$6,0001,0701,62219.2 mi
73
NM-590864
Gravel · Off grid
2.7Dec 28, 2025$3,5001,2892,1892.8 mi
72
NM-462991
Dirt · Power at road
12.7Jul 27, 2026$18,5001,4602,60514.8 mi
71
NM-963194
Gravel · Off grid
14.7Jul 22, 2025$21,5001,4652,7978.3 mi
61
NM-543236
Gravel · Off grid
15.1Oct 12, 2025$23,5001,5512,94614.4 mi
58
Show adjustment detail for the top comp
  • Access (Dirt → Paved)+37.2%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (1 mo)+0.4%

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.