Comparable sales & offer analysis
Parcel NM-969323
Lea County, NM · 1,243 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$533,600
Adjusted value
$653,209
Value range
$482,942–$823,476
Comp $/acre
$525/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.3% versus the adjusted value.
Offer position
Max allowable offer
$373,262
Offer $/acre
$300/ac
Projected profit
$195,963
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-479536 | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 376 | 81 |
| NM-619634 | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 512 | 80 |
| NM-199981 | 2002.3 | Aug 28, 2025 | $606,400 | 303 | 368 | 77 |
| NM-268587 | 729.4 | Jul 16, 2026 | $579,200 | 794 | 647 | 77 |
| NM-369641 | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 783 | 69 |
| NM-517765 | 402.1 | Nov 22, 2025 | $138,900 | 345 | 438 | 64 |
| NM-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 627 | 63 |
| NM-587943 | 457.4 | Oct 30, 2025 | $302,800 | 662 | 482 | 59 |
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.