Comparable sales & offer analysis
Parcel NM-747837
Colfax County, NM · 424 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$246,600
Adjusted value
$300,660
Value range
$239,611–$361,708
Comp $/acre
$710/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.0% versus the adjusted value.
Offer position
Max allowable offer
$171,806
Offer $/acre
$406/ac
Projected profit
$90,198
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-646486 | 159.2 | Jul 27, 2026 | $249,500 | 1,567 | 807 | 74 |
| NM-718403 | 638.4 | Jul 27, 2026 | $603,100 | 945 | 727 | 73 |
| NM-618115 | 518.1 | Jun 24, 2025 | $251,100 | 485 | 502 | 72 |
| NM-948958 | 954.3 | Aug 18, 2024 | $418,900 | 439 | 500 | 66 |
| NM-689054 | 1023.0 | Jan 19, 2025 | $480,700 | 470 | 772 | 63 |
| NM-266492 | 159.9 | Oct 25, 2025 | $145,200 | 908 | 661 | 60 |
| NM-538891 | 909.1 | Jan 30, 2025 | $682,400 | 751 | 807 | 60 |
| NM-416214 | 130.7 | Jul 4, 2024 | $274,400 | 2,099 | 945 | 58 |
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.