NM-778211
2040 County Road 143
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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?
2 items to verify before you offer.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Outside the mapped floodplain.
Access by easement; pull and read the recorded document.
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 8 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 $285,780 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-268587 Dirt · Full utilities | 729.4 | Jul 16, 2026 | $579,200 | 794 | 828 | 3.8 mi | 86 |
| NM-517765 Landlocked · Off grid | 402.1 | Nov 22, 2025 | $138,900 | 345 | 561 | 7.1 mi | 80 |
| NM-587943 Dirt · Full utilities | 457.4 | Oct 30, 2025 | $302,800 | 662 | 617 | 14.0 mi | 71 |
| NM-479536 Gravel · Off grid | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 481 | 14.3 mi | 69 |
| NM-619634 Dirt · Power at road | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 655 | 8.5 mi | 68 |
| NM-369641 Paved · Off grid | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 1,002 | 8.3 mi | 68 |
| NM-969323 Gravel · Power at road | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 558 | 3.9 mi | 61 |
| NM-737334 Gravel · Power at road | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 898 | 13.4 mi | 59 |
Show adjustment detail for the top comp
- Tract size (729.37 ac → 555.46 ac)+8.7%
- Access (Dirt → Paved)+37.2%
- Utilities (Full utilities → Off grid)-30.3%
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.