Comparable sales & offer analysis
Parcel NM-104421
Lea County, NM · 35.67 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$29,400
Adjusted value
$42,662
Value range
$35,694–$49,629
Comp $/acre
$1,196/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -31.1% versus the adjusted value.
Offer position
Max allowable offer
$24,378
Offer $/acre
$683/ac
Projected profit
$12,799
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-714569 | 39.7 | Dec 10, 2025 | $30,100 | 758 | 929 | 75 |
| NM-394197 | 30.3 | Dec 16, 2025 | $33,400 | 1,103 | 1,096 | 71 |
| NM-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,432 | 70 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,266 | 69 |
| NM-806012 | 112.9 | Jul 27, 2026 | $150,500 | 1,332 | 1,464 | 68 |
| NM-316068 | 117.6 | Mar 22, 2026 | $76,400 | 650 | 1,001 | 67 |
| NM-673568 | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,042 | 66 |
| NM-963194 | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,360 | 64 |
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.