Comparable sales & offer analysis
Parcel NM-305982
Eddy County, NM · 111 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$115,200
Adjusted value
$117,123
Value range
$88,460–$145,786
Comp $/acre
$1,060/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.6% versus the adjusted value.
Offer position
Max allowable offer
$66,927
Offer $/acre
$606/ac
Projected profit
$35,137
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-565918 | 105.5 | Jul 27, 2026 | $96,300 | 913 | 1,337 | 89 |
| NM-925514 | 78.7 | Jul 27, 2026 | $112,700 | 1,432 | 958 | 74 |
| NM-806065 | 117.3 | Sep 24, 2024 | $165,000 | 1,406 | 1,588 | 70 |
| NM-767211 | 269.2 | Jul 27, 2026 | $202,700 | 753 | 967 | 70 |
| NM-704848 | 48.6 | Jul 27, 2026 | $51,500 | 1,060 | 752 | 67 |
| NM-327257 | 278.3 | Jul 27, 2026 | $230,800 | 829 | 749 | 66 |
| NM-166741 | 191.5 | Jul 11, 2024 | $222,700 | 1,163 | 1,192 | 63 |
| NM-867686 | 379.7 | Mar 17, 2024 | $223,800 | 589 | 908 | 59 |
| NM-597619 | 361.8 | Jun 25, 2025 | $219,700 | 607 | 1,111 | 54 |
| NM-304260 | 31.7 | Dec 25, 2024 | $34,500 | 1,086 | 887 | 51 |
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.