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Union County, NM · Sold

NM-137453

2302 County Road 157

$277,000
$864/ac · 321 ac
Acreage321 ac
Price per acre$864/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedAug 1, 2025
Coordinates36.4963, -103.3814
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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

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands14.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,691 ft of deeded road frontage.

Power14,166 ft away

A long utility run — price in solar/off-grid instead.

Buildable area259.93 of 320.76 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$269,150
$235,700$302,599 · $839/ac on 321 ac
Asking vs estimate
+2.9%
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 $277,000
Maximum allowable offer
$153,800
$479/ac · +30.0% target margin

You need $123,200 off asking to hit this margin.

All-in cost$166,873
Net resale$247,618
Projected profit$80,745
ROI+48.4%
Annualized+69.2%
Break-even resale$565/ac
Profit if resale lands off target
-20%
$31,221
-10%
$55,983
0%
$80,745
+10%
$105,507
+20%
$130,268
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
NM-197507
Dirt · Off grid
333.6Aug 21, 2025$157,9004746847.9 mi
78
NM-697995
Dirt · Power at road
475.0Jul 27, 2026$286,70060479312.7 mi
74
NM-558442
Dirt · Off grid
656.6Apr 30, 2026$365,60055795913.8 mi
74
NM-396805
Paved · Power at road
200.6Nov 3, 2024$207,5001,0348264.0 mi
70
NM-489036
Landlocked · Off grid
1009.7Jun 10, 2026$388,20038595210.5 mi
67
Show adjustment detail for the top comp
  • Tract size (333.55 ac → 320.76 ac)+1.2%
  • Access (Dirt → Paved)+37.2%
  • Market time (12 mo)+4.1%

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.