NM-108897
5576 County Road 387
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?
3 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
7,560 ft of deeded road frontage.
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 $313,396 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| NM-608487 Landlocked · Power at road | 678.4 | Feb 10, 2025 | $400,300 | 590 | 994 | 11.5 mi | 74 |
| NM-417646 Gravel · Full utilities | 368.9 | Jul 27, 2026 | $553,000 | 1,499 | 1,103 | 3.4 mi | 73 |
| NM-159392 Paved · Power at road | 1306.8 | Aug 31, 2024 | $1,115,300 | 853 | 1,033 | 8.4 mi | 70 |
| NM-289303 Gravel · Off grid | 1225.2 | Aug 22, 2025 | $571,500 | 466 | 739 | 12.7 mi | 69 |
| NM-378215 Gravel · Full utilities | 557.1 | Jun 14, 2024 | $558,000 | 1,002 | 908 | 6.4 mi | 64 |
Show adjustment detail for the top comp
- Tract size (678.4 ac → 913.02 ac)-8.7%
- Access (Landlocked → Paved)+73.5%
- Market time (18 mo)+6.3%
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.