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Luna County, NM · Sold

NM-289303

7304 County Road 72

$666,100
$544/ac · 1,225 ac
Acreage1,225 ac
Price per acre$544/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedJun 12, 2025
Coordinates32.1897, -107.6336
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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

3 items to verify before you offer.

Risk index
30
Low risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope28.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,825 ft of deeded road frontage.

Power1,496 ft away

Service extension needed; get a utility quote.

Buildable area693.22 of 1225.21 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$806,769
$742,227$871,310 · $658/ac on 1,225 ac
Asking vs estimate
-17.4%
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 $666,100
Maximum allowable offer
$461,011
$376/ac · +30.0% target margin

You need $205,089 off asking to hit this margin.

All-in cost$500,197
Net resale$742,227
Projected profit$242,030
ROI+48.4%
Annualized+69.2%
Break-even resale$444/ac
Profit if resale lands off target
-20%
$93,585
-10%
$167,808
0%
$242,030
+10%
$316,253
+20%
$390,476
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-159392
Paved · Power at road
1306.8Aug 31, 2024$1,115,3008536795.6 mi
72
NM-108897
Paved · Power at road
913.0Nov 10, 2025$847,80092963012.7 mi
70
NM-417646
Gravel · Full utilities
368.9Jul 27, 2026$553,0001,49972512.7 mi
67
NM-608487
Landlocked · Power at road
678.4Feb 10, 2025$400,30059065312.0 mi
62
NM-378215
Gravel · Full utilities
557.1Jun 14, 2024$558,0001,00259712.1 mi
59
Show adjustment detail for the top comp
  • Tract size (1306.81 ac → 1225.21 ac)+2.0%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (23 mo)+8.2%

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.