Comparable sales & offer analysis
Parcel NM-714569
Lea County, NM · 39.70 ac · Agricultural · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$28,400
Adjusted value
$39,273
Value range
$32,253–$46,294
Comp $/acre
$989/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.7% versus the adjusted value.
Offer position
Max allowable offer
$22,442
Offer $/acre
$565/ac
Projected profit
$11,782
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-104421 | 35.7 | Jul 27, 2026 | $30,200 | 846 | 715 | 81 |
| NM-394197 | 30.3 | Dec 16, 2025 | $33,400 | 1,103 | 920 | 76 |
| NM-673568 | 19.2 | Jan 17, 2026 | $14,500 | 755 | 875 | 72 |
| NM-963194 | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,141 | 71 |
| NM-806012 | 112.9 | Jul 27, 2026 | $150,500 | 1,332 | 1,228 | 71 |
| NM-316068 | 117.6 | Mar 22, 2026 | $76,400 | 650 | 840 | 70 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,063 | 68 |
| NM-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,202 | 62 |
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.