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Quay County, NM · Sold

NM-806067

1137 County Road 160

$215,500
$1,834/ac · 118 ac
Acreage118 ac
Price per acre$1,834/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedFeb 15, 2024
Coordinates35.1594, -103.4249
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

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

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands3.0% of tract

Little to no mapped wetland coverage.

Average slope5.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,260 ft of deeded road frontage.

Power164 ft away

Power at or near the road.

Buildable area108.29 of 117.52 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$167,747
$150,007$185,487 · $1,427/ac on 118 ac
Asking vs estimate
+28.5%
Priced above 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 $215,500
Maximum allowable offer
$95,855
$816/ac · +30.0% target margin

You need $119,645 off asking to hit this margin.

All-in cost$104,003
Net resale$154,327
Projected profit$50,324
ROI+48.4%
Annualized+69.3%
Break-even resale$962/ac
Profit if resale lands off target
-20%
$19,459
-10%
$34,892
0%
$50,324
+10%
$65,757
+20%
$81,190
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-126016
Dirt · Power at road
113.3Jul 24, 2026$175,3001,5481,53712.2 mi
86
NM-726384
Gravel · Power at road
147.9Jun 16, 2026$221,3001,4971,3763.5 mi
83
NM-735934
Dirt · Off grid
106.7Dec 1, 2025$105,9009921,1735.3 mi
82
NM-847211
Landlocked · Full utilities
269.2Jul 27, 2026$319,8001,1881,5484.0 mi
79
NM-825573
Dirt · Power at road
82.2Jun 3, 2026$131,2001,5961,47512.3 mi
78
NM-475652
Paved · Power at road
87.0Mar 27, 2025$149,8001,7221,2333.4 mi
74
NM-485358
Gravel · Full utilities
70.3Aug 11, 2025$157,6002,2411,4565.3 mi
69
NM-247320
Dirt · Power at road
291.3May 31, 2024$343,5001,1791,6531.8 mi
66
Show adjustment detail for the top comp
  • Tract size (113.26 ac → 117.52 ac)-0.9%

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.