Comparable sales & offer analysis
Parcel NM-963194
Lea County, NM · 14.66 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$22,600
Adjusted value
$18,153
Value range
$14,656–$21,649
Comp $/acre
$1,238/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +24.5% versus the adjusted value.
Offer position
Max allowable offer
$10,373
Offer $/acre
$708/ac
Projected profit
$5,446
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-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,611 | 80 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,425 | 79 |
| NM-673568 | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,173 | 78 |
| NM-714569 | 39.7 | Dec 10, 2025 | $30,100 | 758 | 1,046 | 74 |
| NM-104421 | 35.7 | Jul 27, 2026 | $30,200 | 846 | 959 | 73 |
| NM-361852 | 5.5 | Jul 12, 2026 | $8,000 | 1,436 | 1,325 | 68 |
| NM-394197 | 30.3 | Dec 16, 2025 | $33,400 | 1,103 | 1,233 | 68 |
| NM-131866 | 5.6 | Jun 16, 2025 | $6,000 | 1,070 | 887 | 62 |
| NM-171901 | 5.8 | Apr 7, 2024 | $9,100 | 1,574 | 1,592 | 59 |
| NM-811756 | 5.2 | Dec 18, 2024 | $9,500 | 1,833 | 1,073 | 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.