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Luna County, NM · Sold

NM-417646

1272 County Road 262

$551,900
$1,496/ac · 369 ac
Acreage369 ac
Price per acre$1,496/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedFeb 3, 2026
Coordinates32.1611, -107.8480
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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
5
Low risk
Wetlands0.9% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,150 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area347.29 of 368.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$435,425
$377,953$492,898 · $1,180/ac on 369 ac
Asking vs estimate
+26.7%
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 $551,900
Maximum allowable offer
$248,815
$674/ac · +30.0% target margin

You need $303,085 off asking to hit this margin.

All-in cost$269,964
Net resale$400,591
Projected profit$130,627
ROI+48.4%
Annualized+69.2%
Break-even resale$795/ac
Profit if resale lands off target
-20%
$50,509
-10%
$90,568
0%
$130,627
+10%
$170,686
+20%
$210,745
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-378215
Gravel · Full utilities
557.1Jun 14, 2024$558,0001,0021,2373.1 mi
72
NM-108897
Paved · Power at road
913.0Nov 10, 2025$847,8009291,3053.4 mi
67
NM-608487
Landlocked · Power at road
678.4Feb 10, 2025$400,3005901,3538.4 mi
63
NM-289303
Gravel · Off grid
1225.2Aug 22, 2025$571,5004661,00612.7 mi
60
NM-916574
Dirt · Power at road
169.7Mar 27, 2025$135,60079996114.0 mi
59
Show adjustment detail for the top comp
  • Tract size (557.07 ac → 368.89 ac)+13.2%
  • Market time (26 mo)+9.1%

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.