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Reeves County, TX · Sold

TX-226312

747 County Road 348

$403,400
$5,557/ac · 72.59 ac
Acreage72.59 ac
Price per acre$5,557/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJun 17, 2024
Coordinates31.1965, -103.8017
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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

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area64.75 of 72.59 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$399,699
$339,408$459,990 · $5,506/ac on 72.59 ac
Asking vs estimate
+0.9%
In line with the comp set

Weighted from 5 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 $403,400
Maximum allowable offer
$228,399
$3,146/ac · +30.0% target margin

You need $175,001 off asking to hit this margin.

All-in cost$247,813
Net resale$367,723
Projected profit$119,910
ROI+48.4%
Annualized+69.3%
Break-even resale$3,711/ac
Profit if resale lands off target
-20%
$46,365
-10%
$83,138
0%
$119,910
+10%
$156,682
+20%
$193,454
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
TX-896805
Dirt · Full utilities
103.8Jul 27, 2026$401,9003,8734,9147.5 mi
80
TX-425689
Gravel · Full utilities
46.2Mar 29, 2026$260,8005,6415,21211.0 mi
76
TX-486892
Gravel · Off grid
110.5Jul 22, 2025$424,8003,8446,37510.0 mi
75
TX-276773
Landlocked · Off grid
101.4Dec 17, 2024$186,0001,8344,4833.4 mi
75
TX-457719
Gravel · Power at road
201.2Jul 2, 2026$839,0004,1706,63215.5 mi
72
Show adjustment detail for the top comp
  • Tract size (103.75 ac → 72.59 ac)+8.9%
  • 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.