Comparable sales & offer analysis
Parcel NM-517765
Lea County, NM · 402 ac · Residential · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$144,400
Adjusted value
$185,290
Value range
$152,070–$218,511
Comp $/acre
$461/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -22.1% versus the adjusted value.
Offer position
Max allowable offer
$105,880
Offer $/acre
$263/ac
Projected profit
$55,587
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-268587 | 729.4 | Jul 16, 2026 | $579,200 | 794 | 529 | 80 |
| NM-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 512 | 75 |
| NM-587943 | 457.4 | Oct 30, 2025 | $302,800 | 662 | 394 | 69 |
| NM-316068 | 117.6 | Mar 22, 2026 | $76,400 | 650 | 373 | 63 |
| NM-737334 | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 573 | 61 |
| NM-969323 | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 356 | 57 |
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.