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Reeves County, TX · Sold

TX-425689

8515 County Road 305

$269,400
$5,827/ac · 46.23 ac
Acreage46.23 ac
Price per acre$5,827/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedApr 22, 2025
Coordinates31.3533, -103.8366
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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

Reeves County, Texas. The deepest land market in the country; hill country premium, west Texas value.

View Reeves market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands9.5% of tract

Little to no mapped wetland coverage.

Average slope4.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

939 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area39.75 of 46.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$276,999
$236,349$317,649 · $5,992/ac on 46.23 ac
Asking vs estimate
-2.7%
In line with 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 $269,400
Maximum allowable offer
$158,285
$3,424/ac · +30.0% target margin

You need $111,115 off asking to hit this margin.

All-in cost$171,739
Net resale$254,839
Projected profit$83,100
ROI+48.4%
Annualized+69.2%
Break-even resale$4,038/ac
Profit if resale lands off target
-20%
$32,132
-10%
$57,616
0%
$83,100
+10%
$108,584
+20%
$134,068
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TX-896805
Dirt · Full utilities
103.8Jul 27, 2026$401,9003,8735,4044.1 mi
76
TX-226312
Gravel · Full utilities
72.6Aug 12, 2025$340,1004,6855,37011.0 mi
71
TX-486892
Gravel · Off grid
110.5Jul 22, 2025$424,8003,8447,0111.3 mi
70
TX-457719
Gravel · Power at road
201.2Jul 2, 2026$839,0004,1707,2935.6 mi
68
TX-276773
Landlocked · Off grid
101.4Dec 17, 2024$186,0001,8344,9308.9 mi
61
TX-353342
Dirt · Off grid
8.4Feb 18, 2025$34,8004,1245,8742.7 mi
57
Show adjustment detail for the top comp
  • Tract size (103.75 ac → 46.23 ac)+19.7%
  • Access (Dirt → Gravel)+16.3%

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.