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Reeves County, TX · Sold

TX-276773

7047 County Road 298

$226,800
$2,237/ac · 101 ac
Acreage101 ac
Price per acre$2,237/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedOct 29, 2024
Coordinates31.2377, -103.7690
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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

2 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands8.2% of tract

Little to no mapped wetland coverage.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power4,464 ft away

Service extension needed; get a utility quote.

Buildable area88.41 of 101.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$233,513
$185,391$281,636 · $2,303/ac on 101 ac
Asking vs estimate
-2.9%
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 $226,800
Maximum allowable offer
$133,436
$1,316/ac · +30.0% target margin

You need $93,364 off asking to hit this margin.

All-in cost$144,778
Net resale$214,832
Projected profit$70,054
ROI+48.4%
Annualized+69.2%
Break-even resale$1,552/ac
Profit if resale lands off target
-20%
$27,088
-10%
$48,571
0%
$70,054
+10%
$91,537
+20%
$113,020
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TX-896805
Dirt · Full utilities
103.8Jul 27, 2026$401,9003,8732,1514.9 mi
86
TX-486892
Gravel · Off grid
110.5Jul 22, 2025$424,8003,8442,7917.7 mi
81
TX-226312
Gravel · Full utilities
72.6Aug 12, 2025$340,1004,6852,1383.4 mi
78
TX-457719
Gravel · Power at road
201.2Jul 2, 2026$839,0004,1702,90312.7 mi
74
TX-425689
Gravel · Full utilities
46.2Mar 29, 2026$260,8005,6412,2818.9 mi
68
TX-708405
Gravel · Off grid
330.7Oct 5, 2025$474,5001,4351,3979.5 mi
62
Show adjustment detail for the top comp
  • Tract size (103.75 ac → 101.38 ac)+0.6%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Off grid)-30.3%

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.