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Lincoln County, NM · Sold

NM-813652

4807 County Road 234

$27,300
$1,336/ac · 20.43 ac
Acreage20.43 ac
Price per acre$1,336/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyMixed
ListedFeb 7, 2025
Coordinates33.8712, -105.5644
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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

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?

Due diligence

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands13.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

581 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area16.81 of 20.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$27,609
$24,151$31,067 · $1,351/ac on 20.43 ac
Asking vs estimate
-1.1%
In line with the comp set

Weighted from 5 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 $27,300
Maximum allowable offer
$15,777
$772/ac · +30.0% target margin

You need $11,523 off asking to hit this margin.

All-in cost$17,118
Net resale$25,401
Projected profit$8,283
ROI+48.4%
Annualized+69.2%
Break-even resale$911/ac
Profit if resale lands off target
-20%
$3,202
-10%
$5,743
0%
$8,283
+10%
$10,823
+20%
$13,363
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-623069
Gravel · Off grid
13.4Jul 27, 2026$15,4001,1511,35712.0 mi
74
NM-174231
Gravel · Power at road
31.1Jul 27, 2026$37,1001,1951,33612.6 mi
74
NM-465376
Dirt · Off grid
71.2May 15, 2026$65,5009191,66611.4 mi
66
NM-282314
Gravel · Power at road
7.8Sep 21, 2025$9,4001,2101,2016.2 mi
64
NM-904925
Gravel · Off grid
51.4Jul 19, 2025$40,4007851,18111.8 mi
60
Show adjustment detail for the top comp
  • Tract size (13.39 ac → 20.43 ac)-4.7%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.