Comparable sales & offer analysis
Parcel NM-806012
Lea County, NM · 113 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$142,900
Adjusted value
$112,757
Value range
$90,444–$135,070
Comp $/acre
$998/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +26.7% versus the adjusted value.
Offer position
Max allowable offer
$64,433
Offer $/acre
$571/ac
Projected profit
$33,827
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-316068 | 117.6 | Mar 22, 2026 | $76,400 | 650 | 918 | 87 |
| NM-104421 | 35.7 | Jul 27, 2026 | $30,200 | 846 | 782 | 68 |
| NM-714569 | 39.7 | Dec 10, 2025 | $30,100 | 758 | 853 | 65 |
| NM-394197 | 30.3 | Dec 16, 2025 | $33,400 | 1,103 | 1,006 | 62 |
| NM-587943 | 457.4 | Oct 30, 2025 | $302,800 | 662 | 971 | 61 |
| NM-737334 | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 1,413 | 61 |
| NM-517765 | 402.1 | Nov 22, 2025 | $138,900 | 345 | 882 | 60 |
| NM-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 1,263 | 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.