Lincoln County, NM · Sold

NM-306565

1461 County Road 304

$223,600

$1,326/ac · 169 ac

Offer report Market this tract

Acreage169 ac

Price per acre$1,326/ac

ZoningResidential

Road accessPaved

UtilitiesPower at road

TopographyMixed

ListedJul 12, 2025

Coordinates33.6538, -105.3320

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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

1 item to verify before you offer.

Risk index

Low risk

Wetlands7.3% of tract

Little to no mapped wetland coverage.

Average slope9.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power43 ft away

Power at or near the road.

Buildable area148.46 of 168.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$162,246

$139,961 – $184,532 · $962/ac on 169 ac

Asking vs estimate

+37.8%

Priced above the comp set

Weighted from 7 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 $223,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$92,712

$550/ac · +30.0% target margin

You need $130,888 off asking to hit this margin.

All-in cost$100,593

Net resale$149,267

Projected profit$48,674

ROI+48.4%

Annualized+69.3%

Break-even resale$649/ac

Profit if resale lands off target

-20%

$18,821

-10%

$33,748

$48,674

+10%

$63,601

+20%

$78,528

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
NM-956740 Gravel · Off grid	191.4	Feb 16, 2026	$130,600	683	1,002	15.3 mi	78
NM-968439 Gravel · Power at road	655.2	Jul 27, 2026	$313,000	478	840	12.1 mi	66
NM-174231 Gravel · Power at road	31.1	Jul 27, 2026	$37,100	1,195	969	7.5 mi	66
NM-465376 Dirt · Off grid	71.2	May 15, 2026	$65,500	919	1,208	15.9 mi	65
NM-818805 Dirt · Off grid	854.1	Jul 27, 2026	$343,900	403	1,050	7.6 mi	64
NM-698120 Gravel · Full utilities	520.0	Apr 29, 2026	$303,300	583	791	11.0 mi	64
NM-904925 Gravel · Off grid	51.4	Jul 19, 2025	$40,400	785	857	14.4 mi	57

Show adjustment detail for the top comp

Tract size (191.36 ac → 168.58 ac)+3.5%
Access (Gravel → Paved)+18.0%
Utilities (Off grid → Power at road)+17.6%
Market time (6 mo)+2.1%

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