Comparable sales & offer analysis
Parcel NM-171901
Lea County, NM · 5.75 ac · Recreational · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$9,700
Adjusted value
$7,908
Value range
$6,511–$9,306
Comp $/acre
$1,375/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +22.7% versus the adjusted value.
Offer position
Max allowable offer
$4,519
Offer $/acre
$786/ac
Projected profit
$2,373
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-361852 | 5.5 | Jul 12, 2026 | $8,000 | 1,436 | 1,440 | 86 |
| NM-811756 | 5.2 | Dec 18, 2024 | $9,500 | 1,833 | 1,165 | 80 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,548 | 78 |
| NM-131866 | 5.6 | Jun 16, 2025 | $6,000 | 1,070 | 964 | 77 |
| NM-590864 | 2.7 | Dec 28, 2025 | $3,500 | 1,289 | 1,301 | 71 |
| NM-963194 | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,662 | 64 |
| NM-673568 | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,274 | 62 |
| NM-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,751 | 61 |
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.