Comparable sales & offer analysis
Parcel NM-369641
Lea County, NM · 1,565 ac · Residential · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,025,500
Adjusted value
$718,545
Value range
$567,467–$869,623
Comp $/acre
$459/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +42.7% versus the adjusted value.
Offer position
Max allowable offer
$410,597
Offer $/acre
$262/ac
Projected profit
$215,563
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-619634 | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 478 | 86 |
| NM-479536 | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 351 | 79 |
| NM-268587 | 729.4 | Jul 16, 2026 | $579,200 | 794 | 604 | 73 |
| NM-199981 | 2002.3 | Aug 28, 2025 | $606,400 | 303 | 343 | 70 |
| NM-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 585 | 67 |
| NM-969323 | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 407 | 65 |
| NM-587943 | 457.4 | Oct 30, 2025 | $302,800 | 662 | 450 | 61 |
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.