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Quay County, NM · Sold

NM-558460

509 County Road 41

$1,373,700
$2,065/ac · 665 ac
Acreage665 ac
Price per acre$2,065/ac
ZoningResidential
Road accessPaved
UtilitiesFull utilities
TopographyFlat
ListedMar 31, 2025
Coordinates35.0977, -103.5011
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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

Quay County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Quay 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 slope2.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area583.97 of 665.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,101,892
$931,702$1,272,082 · $1,656/ac on 665 ac
Asking vs estimate
+24.7%
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 $1,373,700
Maximum allowable offer
$629,653
$946/ac · +30.0% target margin

You need $744,047 off asking to hit this margin.

All-in cost$683,174
Net resale$1,013,741
Projected profit$330,567
ROI+48.4%
Annualized+69.2%
Break-even resale$1,116/ac
Profit if resale lands off target
-20%
$127,819
-10%
$229,193
0%
$330,567
+10%
$431,941
+20%
$533,315
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-847211
Landlocked · Full utilities
269.2Jul 27, 2026$319,8001,1881,5782.3 mi
80
NM-728959
Gravel · Off grid
955.0Dec 17, 2024$706,2007401,4987.1 mi
68
NM-726384
Gravel · Power at road
147.9Jun 16, 2026$221,3001,4971,4032.7 mi
68
NM-249822
Landlocked · Full utilities
1784.4Jul 8, 2025$1,548,0008682,1418.8 mi
67
NM-247320
Dirt · Power at road
291.3May 31, 2024$343,5001,1791,6857.8 mi
59
Show adjustment detail for the top comp
  • Tract size (269.18 ac → 665.26 ac)-23.6%
  • Access (Landlocked → Paved)+73.5%

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.