NM-301117
5142 County Road 120
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.
Lincoln County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.
View Lincoln market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
369 ft of deeded road frontage.
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 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 $1,832 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-160377 Dirt · Off grid | 1.9 | Jul 27, 2026 | $1,600 | 831 | 955 | 8.4 mi | 77 |
| NM-540959 Gravel · Power at road | 2.9 | Dec 4, 2025 | $2,900 | 1,000 | 872 | 15.2 mi | 75 |
| NM-900092 Gravel · Full utilities | 1.6 | Jul 27, 2026 | $1,600 | 1,019 | 699 | 9.8 mi | 74 |
| NM-750559 Landlocked · Off grid | 2.2 | Sep 16, 2025 | $1,800 | 823 | 1,244 | 7.4 mi | 72 |
| NM-161890 Gravel · Power at road | 5.7 | May 25, 2025 | $9,400 | 1,656 | 1,514 | 9.2 mi | 68 |
| NM-282314 Gravel · Power at road | 7.8 | Sep 21, 2025 | $9,400 | 1,210 | 1,112 | 12.5 mi | 64 |
Show adjustment detail for the top comp
- Tract size (1.91 ac → 3.26 ac)-1.3%
- Access (Dirt → Gravel)+16.3%
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.