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Union County, NM · Sold

NM-175474

429 County Road 385

$103,500
$1,353/ac · 76.48 ac
Acreage76.48 ac
Price per acre$1,353/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedMay 21, 2025
Coordinates36.4232, -103.4397
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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

Union County, New Mexico. Cheapest large-tract market in the country; access and water are the whole story.

View Union market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
11
Low risk
Wetlands8.6% of tract

Little to no mapped wetland coverage.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,813 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area66.41 of 76.48 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$101,868
$93,719$110,018 · $1,332/ac on 76.48 ac
Asking vs estimate
+1.6%
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 $103,500
Maximum allowable offer
$58,210
$761/ac · +30.0% target margin

You need $45,290 off asking to hit this margin.

All-in cost$63,158
Net resale$93,719
Projected profit$30,561
ROI+48.4%
Annualized+69.3%
Break-even resale$898/ac
Profit if resale lands off target
-20%
$11,817
-10%
$21,189
0%
$30,561
+10%
$39,933
+20%
$49,305
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-914496
Gravel · Full utilities
37.7Apr 12, 2024$48,5001,2881,22310.6 mi
67
NM-137453
Paved · Off grid
320.8Jun 22, 2026$246,5007691,3786.0 mi
65
NM-633480
Landlocked · Full utilities
18.0Aug 27, 2025$20,7001,1451,3591.6 mi
64
NM-396805
Paved · Power at road
200.6Nov 3, 2024$207,5001,0341,4722.0 mi
63
NM-197507
Dirt · Off grid
333.6Aug 21, 2025$157,9004741,21912.9 mi
55
Show adjustment detail for the top comp
  • Tract size (37.66 ac → 76.48 ac)-13.5%
  • Market time (28 mo)+9.8%

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.