Comparable sales & offer analysis
Parcel NM-590864
Lea County, NM · 2.71 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$4,000
Adjusted value
$4,052
Value range
$3,290–$4,815
Comp $/acre
$1,495/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.3% versus the adjusted value.
Offer position
Max allowable offer
$2,316
Offer $/acre
$854/ac
Projected profit
$1,216
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 | 1,472 | 68 |
| NM-963194 | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,700 | 65 |
| NM-811756 | 5.2 | Dec 18, 2024 | $9,500 | 1,833 | 1,191 | 65 |
| NM-171901 | 5.8 | Apr 7, 2024 | $9,100 | 1,574 | 1,768 | 63 |
| NM-131866 | 5.6 | Jun 16, 2025 | $6,000 | 1,070 | 985 | 61 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,583 | 60 |
| NM-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,790 | 58 |
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.