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Quay County, NM · Sold

NM-728959

7093 County Road 135

$860,200
$901/ac · 955 ac
Acreage955 ac
Price per acre$901/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedMay 13, 2024
Coordinates35.0379, -103.6031
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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

5 items to verify before you offer.

Risk index
60
High risk
Wetlands47.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power9,504 ft away

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

Buildable area476.29 of 954.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$830,492
$693,788$967,197 · $870/ac on 955 ac
Asking vs estimate
+3.6%
In line with 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 $860,200
Maximum allowable offer
$474,567
$497/ac · +30.0% target margin

You need $385,633 off asking to hit this margin.

All-in cost$514,905
Net resale$764,053
Projected profit$249,148
ROI+48.4%
Annualized+69.2%
Break-even resale$586/ac
Profit if resale lands off target
-20%
$96,337
-10%
$172,743
0%
$249,148
+10%
$325,553
+20%
$401,958
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-558460
Paved · Full utilities
665.3Jul 12, 2025$1,175,9001,7689767.1 mi
71
NM-847211
Landlocked · Full utilities
269.2Jul 27, 2026$319,8001,1888339.3 mi
66
NM-126016
Dirt · Power at road
113.3Jul 24, 2026$175,3001,5488282.6 mi
65
NM-726384
Gravel · Power at road
147.9Jun 16, 2026$221,3001,4977419.7 mi
64
NM-249822
Landlocked · Full utilities
1784.4Jul 8, 2025$1,548,0008681,13114.5 mi
62
NM-735934
Dirt · Off grid
106.7Dec 1, 2025$105,9009926328.0 mi
62
NM-247320
Dirt · Power at road
291.3May 31, 2024$343,5001,17989014.8 mi
52
NM-806067
Dirt · Power at road
117.5Mar 12, 2025$192,7001,63993613.1 mi
49
Show adjustment detail for the top comp
  • Tract size (665.26 ac → 954.96 ac)-10.5%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (13 mo)+4.6%

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.