Comparable sales & offer analysis
Parcel NM-268587
Lea County, NM · 729 ac · Residential · Dirt · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$624,800
Adjusted value
$466,886
Value range
$345,595–$588,176
Comp $/acre
$640/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.8% versus the adjusted value.
Offer position
Max allowable offer
$266,792
Offer $/acre
$366/ac
Projected profit
$140,066
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-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 772 | 76 |
| NM-517765 | 402.1 | Nov 22, 2025 | $138,900 | 345 | 540 | 75 |
| NM-619634 | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 631 | 72 |
| NM-479536 | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 463 | 71 |
| NM-587943 | 457.4 | Oct 30, 2025 | $302,800 | 662 | 594 | 69 |
| NM-199981 | 2002.3 | Aug 28, 2025 | $606,400 | 303 | 453 | 66 |
| NM-969323 | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 537 | 65 |
| NM-369641 | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 964 | 65 |
| NM-737334 | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 864 | 54 |
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.