Comparable sales & offer analysis
Parcel NM-948958
Colfax County, NM · 954 ac · Agricultural · Landlocked · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$417,200
Adjusted value
$612,384
Value range
$497,610–$727,157
Comp $/acre
$642/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -31.9% versus the adjusted value.
Offer position
Max allowable offer
$349,933
Offer $/acre
$367/ac
Projected profit
$183,715
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-689054 | 1023.0 | Jan 19, 2025 | $480,700 | 470 | 735 | 79 |
| NM-718403 | 638.4 | Jul 27, 2026 | $603,100 | 945 | 692 | 74 |
| NM-538891 | 909.1 | Jan 30, 2025 | $682,400 | 751 | 768 | 71 |
| NM-747837 | 423.6 | Jun 2, 2025 | $209,900 | 495 | 496 | 70 |
| NM-618115 | 518.1 | Jun 24, 2025 | $251,100 | 485 | 478 | 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.