Comparable sales & offer analysis
Parcel NM-131866
Lea County, NM · 5.60 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$6,700
Adjusted value
$9,735
Value range
$8,391–$11,078
Comp $/acre
$1,738/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -31.2% versus the adjusted value.
Offer position
Max allowable offer
$5,563
Offer $/acre
$993/ac
Projected profit
$2,920
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 | 1,685 | 85 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,812 | 76 |
| NM-171901 | 5.8 | Apr 7, 2024 | $9,100 | 1,574 | 2,024 | 72 |
| NM-811756 | 5.2 | Dec 18, 2024 | $9,500 | 1,833 | 1,364 | 70 |
| NM-590864 | 2.7 | Dec 28, 2025 | $3,500 | 1,289 | 1,523 | 65 |
| NM-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 2,049 | 63 |
| NM-963194 | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,946 | 62 |
| NM-673568 | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,492 | 57 |
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.