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Luna County, NM · Sold

NM-475853

4163 County Road 367

$198,000
$1,967/ac · 101 ac
Acreage101 ac
Price per acre$1,967/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedOct 29, 2024
Coordinates32.3025, -107.8451
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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

Luna County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Luna market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
14
Low risk
Wetlands4.8% of tract

Little to no mapped wetland coverage.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power1,314 ft away

Service extension needed; get a utility quote.

Buildable area91.03 of 100.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$153,208
$110,310$196,107 · $1,522/ac on 101 ac
Asking vs estimate
+29.2%
Priced above 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 $198,000
Maximum allowable offer
$87,548
$870/ac · +30.0% target margin

You need $110,452 off asking to hit this margin.

All-in cost$94,990
Net resale$140,952
Projected profit$45,962
ROI+48.4%
Annualized+69.2%
Break-even resale$1,026/ac
Profit if resale lands off target
-20%
$17,772
-10%
$31,867
0%
$45,962
+10%
$60,057
+20%
$74,153
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-295717
Paved · Off grid
91.2Jul 27, 2026$207,4002,2742,22514.5 mi
88
NM-205855
Paved · Off grid
100.8Dec 11, 2024$138,3001,3721,47020.3 mi
73
NM-295565
Gravel · Off grid
81.7Nov 9, 2023$57,9007098886.2 mi
69
NM-916574
Dirt · Power at road
169.7Mar 27, 2025$135,6007991,13014.8 mi
62
NM-574571
Dirt · Off grid
39.8Apr 8, 2025$56,9001,4301,69716.0 mi
58
Show adjustment detail for the top comp
  • Tract size (91.2 ac → 100.65 ac)-2.4%

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.