Comparable sales & offer analysis
Parcel NM-480124
Chaves County, NM · 1.59 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,100
Adjusted value
$2,486
Value range
$1,913–$3,060
Comp $/acre
$1,564/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -15.5% versus the adjusted value.
Offer position
Max allowable offer
$1,421
Offer $/acre
$894/ac
Projected profit
$746
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| NM-130479 | 2.0 | Jul 27, 2026 | $2,400 | 1,168 | 1,127 | 76 |
| NM-281508 | 4.3 | Oct 12, 2025 | $9,000 | 2,079 | 1,543 | 63 |
| NM-383054 | 13.3 | Jan 22, 2025 | $15,800 | 1,193 | 1,347 | 51 |
| NM-702925 | 12.1 | Jun 1, 2024 | $16,900 | 1,400 | 2,031 | 50 |
| NM-342803 | 11.1 | Mar 18, 2025 | $15,900 | 1,438 | 2,007 | 49 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.