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Luna County, NM · Sold

NM-378215

7473 County Road 129

$565,300
$1,015/ac · 557 ac
Acreage557 ac
Price per acre$1,015/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedSep 15, 2023
Coordinates32.2054, -107.8401
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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

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands14.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,865 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area454.07 of 557.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$627,578
$529,828$725,328 · $1,127/ac on 557 ac
Asking vs estimate
-9.9%
Priced below the comp set

Weighted from 6 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 $565,300
Maximum allowable offer
$358,616
$644/ac · +30.0% target margin

You need $206,684 off asking to hit this margin.

All-in cost$389,098
Net resale$577,372
Projected profit$188,273
ROI+48.4%
Annualized+69.2%
Break-even resale$759/ac
Profit if resale lands off target
-20%
$72,799
-10%
$130,536
0%
$188,273
+10%
$246,010
+20%
$303,748
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-417646
Gravel · Full utilities
368.9Jul 27, 2026$553,0001,4991,3283.1 mi
85
NM-608487
Landlocked · Power at road
678.4Feb 10, 2025$400,3005901,1955.4 mi
72
NM-108897
Paved · Power at road
913.0Nov 10, 2025$847,8009291,1536.4 mi
70
NM-289303
Gravel · Off grid
1225.2Aug 22, 2025$571,50046688912.1 mi
64
NM-159392
Paved · Power at road
1306.8Aug 31, 2024$1,115,3008531,24310.6 mi
58
NM-916574
Dirt · Power at road
169.7Mar 27, 2025$135,60079984913.1 mi
55
Show adjustment detail for the top comp
  • Tract size (368.89 ac → 557.07 ac)-11.6%

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.