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Quay County, NM · Sold

NM-310621

2864 County Road 188

$3,700
$1,630/ac · 2.27 ac
Acreage2.27 ac
Price per acre$1,630/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedJan 19, 2025
Coordinates35.0322, -103.4717
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

2 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power74 ft away

Power at or near the road.

Buildable area2.04 of 2.27 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,924
$3,081$4,766 · $1,728/ac on 2.27 ac
Asking vs estimate
-5.7%
Priced below the comp set

Weighted from 6 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 $3,700
Maximum allowable offer
$2,242
$988/ac · +30.0% target margin

You need $1,458 off asking to hit this margin.

All-in cost$2,433
Net resale$3,610
Projected profit$1,177
ROI+48.4%
Annualized+69.3%
Break-even resale$1,165/ac
Profit if resale lands off target
-20%
$455
-10%
$816
0%
$1,177
+10%
$1,538
+20%
$1,899
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-870574
Gravel · Full utilities
2.2Jul 27, 2026$5,5002,4991,3952.7 mi
87
NM-701012
Landlocked · Off grid
3.0Jul 27, 2026$3,4001,1331,34510.3 mi
85
NM-940866
Gravel · Power at road
2.7Oct 4, 2024$6,0002,2151,6316.5 mi
73
NM-311839
Dirt · Power at road
5.5Nov 3, 2025$11,1002,0311,7092.6 mi
70
NM-120025
Dirt · Power at road
1.5Feb 26, 2024$4,0002,6792,3196.7 mi
66
NM-590004
Dirt · Off grid
1.4Jun 7, 2024$3,2002,2042,22010.2 mi
63
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Full utilities → Power at road)-18.0%

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.