Comparable sales & offer analysis
Parcel NM-538891
Colfax County, NM · 909 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$751,500
Adjusted value
$548,599
Value range
$440,294–$656,903
Comp $/acre
$603/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +37.0% versus the adjusted value.
Offer position
Max allowable offer
$313,485
Offer $/acre
$345/ac
Projected profit
$164,580
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-718403 | 638.4 | Jul 27, 2026 | $603,100 | 945 | 720 | 77 |
| NM-948958 | 954.3 | Aug 18, 2024 | $418,900 | 439 | 495 | 70 |
| NM-689054 | 1023.0 | Jan 19, 2025 | $480,700 | 470 | 764 | 69 |
| NM-618115 | 518.1 | Jun 24, 2025 | $251,100 | 485 | 497 | 66 |
| NM-747837 | 423.6 | Jun 2, 2025 | $209,900 | 495 | 515 | 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.