Comparable sales & offer analysis
Parcel NM-619634
Lea County, NM · 1,557 ac · Agricultural · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$712,800
Adjusted value
$663,287
Value range
$477,566–$849,007
Comp $/acre
$426/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.5% versus the adjusted value.
Offer position
Max allowable offer
$379,021
Offer $/acre
$243/ac
Projected profit
$198,986
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-369641 | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 627 | 77 |
| NM-479536 | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 301 | 76 |
| NM-199981 | 2002.3 | Aug 28, 2025 | $606,400 | 303 | 295 | 71 |
| NM-268587 | 729.4 | Jul 16, 2026 | $579,200 | 794 | 519 | 71 |
| NM-969323 | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 349 | 67 |
| NM-587943 | 457.4 | Oct 30, 2025 | $302,800 | 662 | 386 | 65 |
| NM-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 503 | 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.