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Luna County, NM · Sold

NM-916574

4340 County Road 270

$148,500
$875/ac · 170 ac
Acreage170 ac
Price per acre$875/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedMay 9, 2024
Coordinates32.2115, -107.6161
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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

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands6.8% of tract

Little to no mapped wetland coverage.

Average slope20.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,146 ft of deeded road frontage.

Power35 ft away

Power at or near the road.

Buildable area94.89 of 169.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$208,465
$156,039$260,891 · $1,229/ac on 170 ac
Asking vs estimate
-28.8%
Priced below the comp set

Weighted from 6 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 $148,500
Maximum allowable offer
$119,123
$702/ac · +30.0% target margin

You need $29,377 off asking to hit this margin.

All-in cost$129,248
Net resale$191,788
Projected profit$62,539
ROI+48.4%
Annualized+69.2%
Break-even resale$828/ac
Profit if resale lands off target
-20%
$24,182
-10%
$43,361
0%
$62,539
+10%
$81,718
+20%
$100,897
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-295717
Paved · Off grid
91.2Jul 27, 2026$207,4002,2741,6663.8 mi
76
NM-417646
Gravel · Full utilities
368.9Jul 27, 2026$553,0001,4991,32214.0 mi
68
NM-475853
Paved · Off grid
100.7Oct 3, 2025$175,8001,7471,35514.8 mi
65
NM-205855
Paved · Off grid
100.8Dec 11, 2024$138,3001,3721,1008.0 mi
64
NM-295565
Gravel · Off grid
81.7Nov 9, 2023$57,9007096659.3 mi
57
NM-378215
Gravel · Full utilities
557.1Jun 14, 2024$558,0001,0021,08813.1 mi
52
Show adjustment detail for the top comp
  • Tract size (91.2 ac → 169.68 ac)-14.8%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Off grid → Power at road)+17.6%

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.