Comparable sales & offer analysis
Parcel NM-199981
Lea County, NM · 2,002 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Oct 3, 2026
Valuation summary
Asking price
$600,400
Adjusted value
$935,558
Value range
$684,502–$1,186,614
Comp $/acre
$467/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -35.8% versus the adjusted value.
Offer position
Max allowable offer
$534,604
Offer $/acre
$267/ac
Projected profit
$280,667
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 | 324 | 83 |
| NM-619634 | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 441 | 78 |
| NM-268587 | 729.4 | Jul 16, 2026 | $579,200 | 794 | 557 | 72 |
| NM-969323 | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 375 | 71 |
| NM-369641 | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 674 | 68 |
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.