NM-608487
1338 County Road 201
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.
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?
4 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
No legal access of record — resale is severely limited.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 5 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $192,913 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-108897 Paved · Power at road | 913.0 | Nov 10, 2025 | $847,800 | 929 | 605 | 11.5 mi | 78 |
| NM-417646 Gravel · Full utilities | 368.9 | Jul 27, 2026 | $553,000 | 1,499 | 697 | 8.4 mi | 74 |
| NM-378215 Gravel · Full utilities | 557.1 | Jun 14, 2024 | $558,000 | 1,002 | 574 | 5.4 mi | 69 |
| NM-289303 Gravel · Off grid | 1225.2 | Aug 22, 2025 | $571,500 | 466 | 467 | 12.0 mi | 64 |
| NM-159392 Paved · Power at road | 1306.8 | Aug 31, 2024 | $1,115,300 | 853 | 652 | 13.0 mi | 61 |
Show adjustment detail for the top comp
- Tract size (913.02 ac → 678.4 ac)+9.6%
- Access (Paved → Landlocked)-42.4%
- Market time (9 mo)+3.2%
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.