← New search
Quay County, NM · Sold

NM-847211

1191 County Road 370

$332,100
$1,234/ac · 269 ac
Acreage269 ac
Price per acre$1,234/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedJul 12, 2026
Coordinates35.1106, -103.4638
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

1 item to verify before you offer.

Risk index
29
Low risk
Wetlands7.1% of tract

Little to no mapped wetland coverage.

Average slope3.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area237.56 of 269.18 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$311,548
$266,997$356,098 · $1,157/ac on 269 ac
Asking vs estimate
+6.6%
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 $332,100
Maximum allowable offer
$178,027
$661/ac · +30.0% target margin

You need $154,073 off asking to hit this margin.

All-in cost$193,159
Net resale$286,624
Projected profit$93,465
ROI+48.4%
Annualized+69.3%
Break-even resale$780/ac
Profit if resale lands off target
-20%
$36,140
-10%
$64,802
0%
$93,465
+10%
$122,127
+20%
$150,789
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-726384
Gravel · Power at road
147.9Jun 16, 2026$221,3001,4971,0591.5 mi
77
NM-558460
Paved · Full utilities
665.3Jul 12, 2025$1,175,9001,7681,3952.3 mi
72
NM-247320
Dirt · Power at road
291.3May 31, 2024$343,5001,1791,2725.8 mi
71
NM-126016
Dirt · Power at road
113.3Jul 24, 2026$175,3001,5481,1838.3 mi
70
NM-806067
Dirt · Power at road
117.5Mar 12, 2025$192,7001,6391,3374.0 mi
69
NM-735934
Dirt · Off grid
106.7Dec 1, 2025$105,9009929032.7 mi
68
NM-825573
Dirt · Power at road
82.2Jun 3, 2026$131,2001,5961,1349.1 mi
65
NM-475652
Paved · Power at road
87.0Mar 27, 2025$149,8001,7229493.1 mi
62
Show adjustment detail for the top comp
  • Tract size (147.86 ac → 269.18 ac)-15.3%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (2 mo)+0.7%

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.