Comparable sales & offer analysis
Parcel NM-689054
Colfax County, NM · 1,023 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$459,100
Adjusted value
$408,003
Value range
$321,685–$494,320
Comp $/acre
$399/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +12.5% versus the adjusted value.
Offer position
Max allowable offer
$233,144
Offer $/acre
$228/ac
Projected profit
$122,401
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-948958 | 954.3 | Aug 18, 2024 | $418,900 | 439 | 324 | 78 |
| NM-718403 | 638.4 | Jul 27, 2026 | $603,100 | 945 | 472 | 77 |
| NM-538891 | 909.1 | Jan 30, 2025 | $682,400 | 751 | 524 | 69 |
| NM-747837 | 423.6 | Jun 2, 2025 | $209,900 | 495 | 338 | 64 |
| NM-618115 | 518.1 | Jun 24, 2025 | $251,100 | 485 | 326 | 63 |
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.