NM-394197
3492 County Road 115
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.
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?
No material red flags on the mapped layers.
Little to no mapped wetland coverage.
Gentle grade, straightforward to develop.
Outside the mapped floodplain.
613 ft of deeded road frontage.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 6 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 $17,933 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-104421 Gravel · Off grid | 35.7 | Jul 27, 2026 | $30,200 | 846 | 881 | 15.2 mi | 77 |
| NM-714569 Dirt · Off grid | 39.7 | Dec 10, 2025 | $30,100 | 758 | 961 | 9.4 mi | 75 |
| NM-462991 Dirt · Power at road | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,309 | 11.8 mi | 73 |
| NM-673568 Landlocked · Off grid | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,078 | 10.8 mi | 70 |
| NM-543236 Gravel · Off grid | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,481 | 11.7 mi | 68 |
| NM-963194 Gravel · Off grid | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,406 | 7.3 mi | 65 |
Show adjustment detail for the top comp
- Tract size (35.67 ac → 30.32 ac)+2.8%
- Access (Gravel → Dirt)-14.0%
- Utilities (Off grid → Power at road)+17.6%
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.