Comparable sales & offer analysis
Parcel NM-416214
Colfax County, NM · 131 ac · Mixed Use · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$254,500
Adjusted value
$214,400
Value range
$172,986–$255,815
Comp $/acre
$1,640/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +18.7% versus the adjusted value.
Offer position
Max allowable offer
$122,514
Offer $/acre
$937/ac
Projected profit
$64,320
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-625928 | 106.3 | Jun 26, 2025 | $126,800 | 1,193 | 1,192 | 85 |
| NM-646486 | 159.2 | Jul 27, 2026 | $249,500 | 1,567 | 1,964 | 80 |
| NM-665742 | 92.9 | Jul 27, 2026 | $153,500 | 1,653 | 1,799 | 78 |
| NM-266492 | 159.9 | Oct 25, 2025 | $145,200 | 908 | 1,607 | 72 |
| NM-565860 | 101.2 | Jul 30, 2024 | $66,800 | 660 | 1,172 | 69 |
| NM-735578 | 82.5 | Dec 6, 2024 | $186,100 | 2,257 | 2,097 | 68 |
| NM-345530 | 79.7 | Mar 13, 2025 | $155,400 | 1,951 | 1,840 | 67 |
| NM-645832 | 99.1 | Jan 24, 2024 | $157,100 | 1,585 | 1,850 | 66 |
| NM-747837 | 423.6 | Jun 2, 2025 | $209,900 | 495 | 1,265 | 61 |
| NM-304723 | 44.4 | Mar 28, 2025 | $74,000 | 1,667 | 1,630 | 61 |
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.