Comparable sales & offer analysis
Parcel NM-940822
Colfax County, NM · 2.63 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$5,600
Adjusted value
$5,224
Value range
$4,471–$5,976
Comp $/acre
$1,986/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.2% versus the adjusted value.
Offer position
Max allowable offer
$2,985
Offer $/acre
$1,135/ac
Projected profit
$1,567
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-941379 | 3.9 | May 12, 2026 | $4,100 | 1,028 | 1,557 | 81 |
| NM-830827 | 2.6 | May 17, 2025 | $5,600 | 2,134 | 2,626 | 81 |
| NM-641644 | 4.8 | Jul 27, 2026 | $6,200 | 1,291 | 1,953 | 76 |
| NM-261156 | 3.4 | Nov 24, 2024 | $6,500 | 1,934 | 2,100 | 74 |
| NM-641823 | 5.4 | Jul 27, 2026 | $7,500 | 1,382 | 1,663 | 73 |
| NM-851321 | 3.8 | Feb 3, 2026 | $7,200 | 1,909 | 1,961 | 70 |
| NM-871135 | 3.3 | Dec 19, 2023 | $6,500 | 1,970 | 1,883 | 67 |
| NM-362073 | 6.5 | Jun 29, 2025 | $12,400 | 1,900 | 2,074 | 67 |
| NM-481915 | 5.8 | Jun 28, 2025 | $12,800 | 2,210 | 1,942 | 65 |
| NM-862539 | 9.1 | May 27, 2025 | $14,600 | 1,602 | 2,087 | 64 |
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.