Comparable sales & offer analysis
Parcel NM-737334
Lea County, NM · 294 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$286,900
Adjusted value
$251,525
Value range
$207,853–$295,198
Comp $/acre
$855/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +14.1% versus the adjusted value.
Offer position
Max allowable offer
$143,729
Offer $/acre
$488/ac
Projected profit
$75,458
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-587943 | 457.4 | Oct 30, 2025 | $302,800 | 662 | 747 | 74 |
| NM-806012 | 112.9 | Jul 27, 2026 | $150,500 | 1,332 | 1,033 | 71 |
| NM-517765 | 402.1 | Nov 22, 2025 | $138,900 | 345 | 679 | 66 |
| NM-268587 | 729.4 | Jul 16, 2026 | $579,200 | 794 | 1,003 | 64 |
| NM-316068 | 117.6 | Mar 22, 2026 | $76,400 | 650 | 707 | 64 |
| NM-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 971 | 60 |
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.