Comparable sales & offer analysis
Parcel NM-646486
Colfax County, NM · 159 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$251,000
Adjusted value
$209,810
Value range
$160,756–$258,864
Comp $/acre
$1,318/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +19.6% versus the adjusted value.
Offer position
Max allowable offer
$119,892
Offer $/acre
$753/ac
Projected profit
$62,943
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-266492 | 159.9 | Oct 25, 2025 | $145,200 | 908 | 1,293 | 78 |
| NM-665742 | 92.9 | Jul 27, 2026 | $153,500 | 1,653 | 1,447 | 71 |
| NM-625928 | 106.3 | Jun 26, 2025 | $126,800 | 1,193 | 959 | 68 |
| NM-416214 | 130.7 | Jul 4, 2024 | $274,400 | 2,099 | 1,848 | 68 |
| NM-565860 | 101.2 | Jul 30, 2024 | $66,800 | 660 | 943 | 67 |
| NM-747837 | 423.6 | Jun 2, 2025 | $209,900 | 495 | 1,018 | 64 |
| NM-345530 | 79.7 | Mar 13, 2025 | $155,400 | 1,951 | 1,480 | 63 |
| NM-735578 | 82.5 | Dec 6, 2024 | $186,100 | 2,257 | 1,687 | 63 |
| NM-645832 | 99.1 | Jan 24, 2024 | $157,100 | 1,585 | 1,488 | 62 |
| NM-618115 | 518.1 | Jun 24, 2025 | $251,100 | 485 | 982 | 54 |
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.