Comparable sales & offer analysis
Parcel NM-618115
Colfax County, NM · 518 ac · Residential · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$293,000
Adjusted value
$361,224
Value range
$299,432–$423,015
Comp $/acre
$697/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.9% versus the adjusted value.
Offer position
Max allowable offer
$206,414
Offer $/acre
$398/ac
Projected profit
$108,367
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 | 739 | 82 |
| NM-747837 | 423.6 | Jun 2, 2025 | $209,900 | 495 | 529 | 71 |
| NM-266492 | 159.9 | Oct 25, 2025 | $145,200 | 908 | 672 | 68 |
| NM-538891 | 909.1 | Jan 30, 2025 | $682,400 | 751 | 821 | 64 |
| NM-646486 | 159.2 | Jul 27, 2026 | $249,500 | 1,567 | 821 | 61 |
| NM-689054 | 1023.0 | Jan 19, 2025 | $480,700 | 470 | 785 | 60 |
| NM-948958 | 954.3 | Aug 18, 2024 | $418,900 | 439 | 508 | 57 |
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.