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Quay County, NM · Sold

NM-126016

242 County Road 361

$196,300
$1,733/ac · 113 ac
Acreage113 ac
Price per acre$1,733/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedJun 23, 2026
Coordinates35.0219, -103.5615
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

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands15.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power51 ft away

Power at or near the road.

Buildable area91.13 of 113.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$165,565
$144,877$186,252 · $1,462/ac on 113 ac
Asking vs estimate
+18.6%
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 $196,300
Maximum allowable offer
$94,608
$835/ac · +30.0% target margin

You need $101,692 off asking to hit this margin.

All-in cost$102,650
Net resale$152,320
Projected profit$49,670
ROI+48.4%
Annualized+69.3%
Break-even resale$985/ac
Profit if resale lands off target
-20%
$19,206
-10%
$34,438
0%
$49,670
+10%
$64,902
+20%
$80,134
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-825573
Dirt · Power at road
82.2Jun 3, 2026$131,2001,5961,4895.4 mi
87
NM-735934
Dirt · Off grid
106.7Dec 1, 2025$105,9009921,1847.6 mi
80
NM-726384
Gravel · Power at road
147.9Jun 16, 2026$221,3001,4971,3899.0 mi
80
NM-806067
Dirt · Power at road
117.5Mar 12, 2025$192,7001,6391,75412.2 mi
76
NM-475652
Paved · Power at road
87.0Mar 27, 2025$149,8001,7221,24510.0 mi
75
NM-847211
Landlocked · Full utilities
269.2Jul 27, 2026$319,8001,1881,5628.3 mi
70
NM-485358
Gravel · Full utilities
70.3Aug 11, 2025$157,6002,2411,46914.0 mi
69
NM-247320
Dirt · Power at road
291.3May 31, 2024$343,5001,1791,66914.0 mi
59
Show adjustment detail for the top comp
  • Tract size (82.17 ac → 113.26 ac)-7.5%
  • Market time (2 mo)+0.8%

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.