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Luna County, NM · Sold

NM-205855

8623 County Road 268

$145,900
$1,448/ac · 101 ac
Acreage101 ac
Price per acre$1,448/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedNov 3, 2023
Coordinates32.0960, -107.5987
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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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands7.6% of tract

Little to no mapped wetland coverage.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,001 ft of deeded road frontage.

Power9,140 ft away

A long utility run — price in solar/off-grid instead.

Buildable area88.47 of 100.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$160,915
$115,859$205,972 · $1,597/ac on 101 ac
Asking vs estimate
-9.3%
Priced below 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 $145,900
Maximum allowable offer
$91,952
$912/ac · +30.0% target margin

You need $53,948 off asking to hit this margin.

All-in cost$99,768
Net resale$148,042
Projected profit$48,274
ROI+48.4%
Annualized+69.2%
Break-even resale$1,076/ac
Profit if resale lands off target
-20%
$18,666
-10%
$33,470
0%
$48,274
+10%
$63,078
+20%
$77,883
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-295717
Paved · Off grid
91.2Jul 27, 2026$207,4002,2742,22511.7 mi
85
NM-475853
Paved · Off grid
100.7Oct 3, 2025$175,8001,7471,81020.3 mi
77
NM-916574
Dirt · Power at road
169.7Mar 27, 2025$135,6007991,1298.0 mi
65
NM-295565
Gravel · Off grid
81.7Nov 9, 2023$57,90070988816.2 mi
64
NM-574571
Dirt · Off grid
39.8Apr 8, 2025$56,9001,4301,69617.1 mi
62
Show adjustment detail for the top comp
  • Tract size (91.2 ac → 100.79 ac)-2.4%

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.