Lea County, NM · Sold

NM-587943

3190 County Road 267

$347,300

$759/ac · 457 ac

Offer report Market this tract

Acreage457 ac

Price per acre$759/ac

ZoningRecreational

Road accessDirt

UtilitiesFull utilities

TopographyRolling

ListedOct 14, 2025

Coordinates32.9281, -103.2472

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

3 items to verify before you offer.

Risk index

Low risk

Wetlands12.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,174 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area381.55 of 457.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$367,767

$281,442 – $454,093 · $804/ac on 457 ac

Asking vs estimate

-5.6%

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 $347,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$210,153

$459/ac · +30.0% target margin

You need $137,147 off asking to hit this margin.

All-in cost$228,016

Net resale$338,346

Projected profit$110,330

ROI+48.4%

Annualized+69.2%

Break-even resale$542/ac

Profit if resale lands off target

-20%

$42,661

-10%

$76,495

$110,330

+10%

$144,165

+20%

$177,999

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-268587 Dirt · Full utilities	729.4	Jul 16, 2026	$579,200	794	918	17.6 mi	75
NM-619634 Dirt · Power at road	1557.2	Jul 27, 2026	$634,400	407	727	5.6 mi	72
NM-517765 Landlocked · Off grid	402.1	Nov 22, 2025	$138,900	345	622	19.6 mi	70
NM-737334 Gravel · Power at road	294.3	Oct 17, 2024	$295,500	1,004	996	1.0 mi	70
NM-778211 Paved · Off grid	555.5	Jan 13, 2025	$417,800	752	890	14.0 mi	67
NM-479536 Gravel · Off grid	1450.5	Jul 27, 2026	$438,200	302	533	23.0 mi	65
NM-369641 Paved · Off grid	1565.1	Mar 18, 2025	$1,073,700	686	1,111	6.3 mi	58
NM-969323 Gravel · Power at road	1243.1	Mar 2, 2024	$488,800	393	619	15.9 mi	52

Show adjustment detail for the top comp

Tract size (729.37 ac → 457.44 ac)+15.2%

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.

Build the listing kit Post a deal or JV