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Luna County, NM · Sold

NM-372222

8598 County Road 51

$18,600
$2,566/ac · 7.25 ac
Acreage7.25 ac
Price per acre$2,566/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedOct 31, 2023
Coordinates32.1367, -107.6758
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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
15
Low risk
Wetlands14.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

590 ft of deeded road frontage.

Power237 ft away

Power at or near the road.

Buildable area5.89 of 7.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$17,536
$13,742$21,330 · $2,419/ac on 7.25 ac
Asking vs estimate
+6.1%
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 $18,600
Maximum allowable offer
$10,020
$1,382/ac · +30.0% target margin

You need $8,580 off asking to hit this margin.

All-in cost$10,872
Net resale$16,133
Projected profit$5,261
ROI+48.4%
Annualized+69.3%
Break-even resale$1,630/ac
Profit if resale lands off target
-20%
$2,035
-10%
$3,648
0%
$5,261
+10%
$6,874
+20%
$8,488
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-903857
Dirt · Power at road
23.7May 6, 2026$42,3001,7852,7864.5 mi
69
NM-363771
Dirt · Off grid
22.3Jul 27, 2026$22,2009961,79510.7 mi
66
NM-883026
Paved · Full utilities
13.0Jan 25, 2024$24,9001,9211,8255.6 mi
65
NM-574571
Dirt · Off grid
39.8Apr 8, 2025$56,9001,4302,98313.3 mi
56
NM-120849
Dirt · Full utilities
2.7Nov 12, 2023$6,3002,3562,8367.7 mi
55
Show adjustment detail for the top comp
  • Tract size (23.7 ac → 7.25 ac)+12.4%
  • Access (Dirt → Paved)+37.2%
  • Market time (3 mo)+1.2%

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.