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Luna County, NM · Sold

NM-574571

6178 County Road 111

$53,700
$1,351/ac · 39.76 ac
Acreage39.76 ac
Price per acre$1,351/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedMay 9, 2024
Coordinates32.0738, -107.8901
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

4 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands23.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.5%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,108 ft of deeded road frontage.

Power6,886 ft away

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

Buildable area28.78 of 39.76 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$51,227
$36,884$65,571 · $1,288/ac on 39.76 ac
Asking vs estimate
+4.8%
In line with the comp set

Weighted from 7 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 $53,700
Maximum allowable offer
$29,273
$736/ac · +30.0% target margin

You need $24,427 off asking to hit this margin.

All-in cost$31,761
Net resale$47,129
Projected profit$15,368
ROI+48.4%
Annualized+69.2%
Break-even resale$868/ac
Profit if resale lands off target
-20%
$5,942
-10%
$10,655
0%
$15,368
+10%
$20,081
+20%
$24,794
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-363771
Dirt · Off grid
22.3Jul 27, 2026$22,20099691011.7 mi
77
NM-903857
Dirt · Power at road
23.7May 6, 2026$42,3001,7851,4129.2 mi
75
NM-295717
Paved · Off grid
91.2Jul 27, 2026$207,4002,2741,98221.5 mi
67
NM-475853
Paved · Off grid
100.7Oct 3, 2025$175,8001,7471,61316.0 mi
61
NM-205855
Paved · Off grid
100.8Dec 11, 2024$138,3001,3721,30917.1 mi
61
NM-295565
Gravel · Off grid
81.7Nov 9, 2023$57,90070979117.8 mi
55
NM-883026
Paved · Full utilities
13.0Jan 25, 2024$24,9001,9219258.4 mi
54
Show adjustment detail for the top comp
  • Tract size (22.27 ac → 39.76 ac)-8.8%

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.