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Luna County, NM · Sold

NM-363771

9816 County Road 75

$21,800
$979/ac · 22.27 ac
Acreage22.27 ac
Price per acre$979/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedMay 15, 2026
Coordinates32.2321, -107.8189
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
19
Low risk
Wetlands12.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

820 ft of deeded road frontage.

Power7,922 ft away

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

Buildable area18.60 of 22.27 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$33,898
$25,253$42,544 · $1,522/ac on 22.27 ac
Asking vs estimate
-35.7%
Priced below the comp set

Weighted from 8 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 $21,800
Maximum allowable offer
$19,370
$870/ac · +30.0% target margin

You need $2,430 off asking to hit this margin.

All-in cost$21,016
Net resale$31,186
Projected profit$10,170
ROI+48.4%
Annualized+69.3%
Break-even resale$1,026/ac
Profit if resale lands off target
-20%
$3,933
-10%
$7,051
0%
$10,170
+10%
$13,289
+20%
$16,407
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-903857
Dirt · Power at road
23.7May 6, 2026$42,3001,7851,54910.6 mi
82
NM-574571
Dirt · Off grid
39.8Apr 8, 2025$56,9001,4301,65811.7 mi
68
NM-295717
Paved · Off grid
91.2Jul 27, 2026$207,4002,2742,17413.0 mi
65
NM-883026
Paved · Full utilities
13.0Jan 25, 2024$24,9001,9211,01511.2 mi
64
NM-475853
Paved · Off grid
100.7Oct 3, 2025$175,8001,7471,7695.1 mi
62
NM-295565
Gravel · Off grid
81.7Nov 9, 2023$57,9007098676.5 mi
60
NM-372222
Paved · Power at road
7.3Dec 8, 2023$19,4002,6811,65910.7 mi
53
NM-205855
Paved · Off grid
100.8Dec 11, 2024$138,3001,3721,43616.0 mi
52
Show adjustment detail for the top comp
  • Tract size (23.7 ac → 22.27 ac)+0.9%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (3 mo)+1.2%

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.