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Luna County, NM · Sold

NM-903857

2887 County Road 376

$41,000
$1,730/ac · 23.70 ac
Acreage23.70 ac
Price per acre$1,730/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedJul 8, 2025
Coordinates32.0960, -107.7356
Loading terrain…
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
Wetlands1.9% of tract

Little to no mapped wetland coverage.

Average slope7.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,104 ft of deeded road frontage.

Power246 ft away

Power at or near the road.

Buildable area22.09 of 23.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$34,163
$24,815$43,510 · $1,441/ac on 23.70 ac
Asking vs estimate
+20.0%
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 $41,000
Maximum allowable offer
$19,521
$824/ac · +30.0% target margin

You need $21,479 off asking to hit this margin.

All-in cost$21,180
Net resale$31,430
Projected profit$10,249
ROI+48.4%
Annualized+69.3%
Break-even resale$971/ac
Profit if resale lands off target
-20%
$3,963
-10%
$7,106
0%
$10,249
+10%
$13,392
+20%
$16,535
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-363771
Dirt · Off grid
22.3Jul 27, 2026$22,2009961,16410.6 mi
84
NM-574571
Dirt · Off grid
39.8Apr 8, 2025$56,9001,4301,9349.2 mi
68
NM-883026
Paved · Full utilities
13.0Jan 25, 2024$24,9001,9211,1831.2 mi
65
NM-372222
Paved · Power at road
7.3Dec 8, 2023$19,4002,6811,9344.5 mi
58
NM-295565
Gravel · Off grid
81.7Nov 9, 2023$57,9007091,01213.9 mi
50
Show adjustment detail for the top comp
  • Tract size (22.27 ac → 23.7 ac)-0.9%
  • 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.