Lea County, New Mexico Land For Sale (5 results)

We are pleased to present the exclusive listing of this 640 acres of grassland, located in Lea County, New Mexico, with convenient access off paved FM 508. Location: Situated in Lea County, this property benefits from direct access via FM 508, providing excellent year-round accessibility. Land: The tract consists of native grassland, well-suited for livestock grazing and recreational use. The property lays relatively flat except for some minimal sandhills in the Northeast Corner of the property. Water: There is an existing windmill well site located on the property; however, it is not currently in use. Hunting: The area supports typical Southeastern New Mexico wildlife, offering potential for recreational use and hunting opportunities. Rights: All presently owned seller interests will convey at closing, including mineral, wind, solar, and any owned water rights. Price: $496,000 or $775 per acre Notes: Buyer is encouraged to conduct their own due diligence prior to purchasing. All information provided is believed to be accurate but is not guaranteed and is subject to change. The broker and seller make no warranties, expressed or implied, as to the accuracy of the information. Buyer's agents must be identified upon first contact and accompany all showings to qualify for full participation. Failure to do so may result in a reduced or forfeited participation fee at the sole discretion of the listing broker.

LEA COUNTY, NEW MEXICO 5,132± deeded acres 15,480± NM State Lease acres ($10,240 per year) 2,400± BLM acres ($724 per year) 1,415± Private Lease acres ($1 per acre) 1,515± Free Use acres 25,942± Total acres The Dasco Cattle Company Ranch is located in the heart of the Permian Basin, just west of Eunice, New Mexico. Access to the ranch is provided by multiple paved highways, county roads and oil field roads. Besides operating as a traditional cattle ranch, the property benefits from substantial outside income sources such as salt water disposal income, fresh water sales, surface damages, caliche sales, and other periodic sources of income derived from the substantial oil field activity. Topography • Water Features The terrain is fairly level to gently rolling and the soils are generally sandy loam with some tighter clay loam soils and areas of hummocky sand country. The ranch supports a desirable variety of native grasses with scattered mesquite and shin oak in the sandier country. The property is well watered by over 15 water wells, being a combination of electric submersible and solar wells. Water quality is generally considered good and several of the water wells are tied to buried waterlines serving multiple drinking troughs. Overall, the ranch is considered to be adequately watered. Additionally, the property has 80 acres of commercial water rights and fresh water can be sold as a supplemental source of income. Cattle Operation The ranch has historically been operated as a cow/calf ranching unit, generally supporting 450-475 mother cows. The property is fenced and cross fenced into approximately 10 pastures plus shipping and holding traps. Three sets of livestock working/shipping pens are conveniently located on the ranch. The headquarter improvements include employee housing, outbuildings, and pens and are considered to be very adequate for the ranching operation. Oil Production • Salt Water Disposal Oil production and oil related facilities, roads and pipelines are found throughout much of the ranch. The seller owns no minerals; however, the oil activities generate substantial supplemental income to the ranch. The following is a breakdown on outside income for the past three years: Outside Income July 1, 2023 through August 1, 2026 (3 Year) Income Source • Total for 3 years • Average Annual Income Salt Water Disposal • $8,185,056 • $2,728,352 Fresh Water Sales • $ 382,920 • $ 127,640 Caliche Sales • $ 32,364 • $ 10,788 Misc. Surface Damages • $ 94,499 • $ 31,500 TOTALS • $8,694,839 • $2,898,280 There are 8 salt water disposals well sites on the ranch. Seven are located on deeded land and one is located on private leased land; however, the ranch receives a “thru put” payment of 5? per barrel for all water disposed on the leased land site. The operator of the salt water disposal well sites is Goodnight Midstream Permian, LLC. Based on the agreement, Goodnight pays the landowner 20% of the income Goodnight receives for disposal of the salt water. Their agreement with the owner states, “Lessee shall charge a fair market rate as determined in the field surrounding the Leased Premises and disposed of in the Leased Premises and for any Hydrocarbons sold, provided that in no event may Lessee charge less than $0.25 per barrel for disposal of Disposed Water on the Leased premises, whether such barrel is transported to the Leased Premises by pipeline or truck.” Based on the above agreement, it may be possible that the salt water disposal income could increase substantially should Goodnight receive more than $0.25 per barrel for disposal of salt water. In addition, Goodnight is scheduled to construct a new 16” salt water disposal pipeline into one of the gathering facilities on the ranch. Once this new pipeline is completed, the disposed water income should increase substantially. Solar Energy Lease Currently, there is also a solar lease option on 2,576 deeded acres. Remarks • Price The DASCO Cattle Company Ranch is offered for sale at $30,000,000. If you have interest in a working cattle ranch with the added bonus of substantial outside income, the DASCO Cattle Company Ranch should strongly be considered. Call Sam Middleton today at (817) 304.0504 for more information or to schedule a tour.

Simpson Ranches & Land, LLC is proud to present 2,074± acres of exceptional, income-producing farmland located in Lea County, New Mexico. Positioned along the New Mexico–Texas state line, this premier organic farming operation is supported by outstanding water resources, extensive irrigated acreage, and a proven history of strong crop production. The farm currently produces peanuts and cotton as primary crops, with additional production in corn, grain sorghum, milo, alfalfa, and soybeans. Key Highlights: Organic Irrigated Acres: 1,533.19± irrigated organic acres offering substantial production capability. Center-Pivot Irrigation: 8 pivots in total—six Reinke pivots installed in 2019 and two Valley pivots (installation dates unknown)—all powered by three-phase electricity and maintained in excellent working condition. Water Production: Wells equipped to produce 1,200 GPM, delivering strong and consistent groundwater supply for the entire operation. New Mexico Water Rights: An impressive 5,934.87 acre-feet per year, supported by 11 permitted wells/points of diversion under the New Mexico State Engineer’s Office. Crop Diversity: Strong production history in peanuts, cotton, corn, grain sorghum, milo, alfalfa, and soybeans. Farm Management: Operated by an experienced multi-generational farmer. Location: Ideally situated on FM 769, approximately 23 miles northwest of Plains, Texas. This remarkable offering presents a rare opportunity to acquire a large-scale, well-managed, organic farming operation in an established agricultural region. Whether expanding an existing operation or seeking a proven income-generating asset, this farm is primed for long-term success.

Approximately 30 acres North of Hobbs. Ideal for residential development or farm/ranch usage.

Remodeled home featuring spacious bedrooms and thoughtful updates throughout! Major improvements include a new roof installed in February 2026 and a new 5-ton A/C unit installed in July 2026. The updated kitchen features granite countertops and kitchen appliances, while the remodeled bathrooms also showcase granite finishes. Additional upgrades include new garage doors with new motors. With its generous bedroom sizes, modern updates, and big-ticket improvements already completed, this home is ready for its next owner!