Comparable sales & offer analysis
Parcel NM-354749
Colfax County, NM · 45.23 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$64,700
Adjusted value
$67,068
Value range
$54,155–$79,980
Comp $/acre
$1,483/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -3.5% versus the adjusted value.
Offer position
Max allowable offer
$38,325
Offer $/acre
$847/ac
Projected profit
$20,120
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-304723 | 44.4 | Mar 28, 2025 | $74,000 | 1,667 | 1,497 | 77 |
| NM-665742 | 92.9 | Jul 27, 2026 | $153,500 | 1,653 | 1,652 | 74 |
| NM-953673 | 20.8 | Jul 27, 2026 | $65,700 | 3,165 | 1,661 | 70 |
| NM-735578 | 82.5 | Dec 6, 2024 | $186,100 | 2,257 | 1,926 | 67 |
| NM-345530 | 79.7 | Mar 13, 2025 | $155,400 | 1,951 | 1,690 | 67 |
| NM-565860 | 101.2 | Jul 30, 2024 | $66,800 | 660 | 1,076 | 64 |
| NM-163206 | 14.8 | Jun 14, 2025 | $22,400 | 1,515 | 1,096 | 62 |
| NM-645832 | 99.1 | Jan 24, 2024 | $157,100 | 1,585 | 1,699 | 60 |
| NM-625928 | 106.3 | Jun 26, 2025 | $126,800 | 1,193 | 1,095 | 59 |
| NM-493808 | 22.9 | Jul 18, 2024 | $26,400 | 1,156 | 1,312 | 58 |
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.