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Luna County, NM · Sold

NM-159392

4392 County Road 2

$1,212,300
$928/ac · 1,307 ac
Acreage1,307 ac
Price per acre$928/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedSep 11, 2023
Coordinates32.1223, -107.6871
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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

No material red flags on the mapped layers.

Risk index
2
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

8,304 ft of deeded road frontage.

Power227 ft away

Power at or near the road.

Buildable area1210.43 of 1306.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,094,819
$950,253$1,239,385 · $838/ac on 1,307 ac
Asking vs estimate
+10.7%
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 $1,212,300
Maximum allowable offer
$625,611
$479/ac · +30.0% target margin

You need $586,689 off asking to hit this margin.

All-in cost$678,788
Net resale$1,007,234
Projected profit$328,446
ROI+48.4%
Annualized+69.2%
Break-even resale$565/ac
Profit if resale lands off target
-20%
$126,999
-10%
$227,722
0%
$328,446
+10%
$429,169
+20%
$529,893
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-289303
Gravel · Off grid
1225.2Aug 22, 2025$571,5004666615.6 mi
77
NM-108897
Paved · Power at road
913.0Nov 10, 2025$847,8009298578.4 mi
76
NM-417646
Gravel · Full utilities
368.9Jul 27, 2026$553,0001,4999879.8 mi
70
NM-608487
Landlocked · Power at road
678.4Feb 10, 2025$400,30059088913.0 mi
62
NM-378215
Gravel · Full utilities
557.1Jun 14, 2024$558,0001,00281210.6 mi
57
Show adjustment detail for the top comp
  • Tract size (1225.21 ac → 1306.81 ac)-2.0%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (12 mo)+4.1%

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.