Comparable sales & offer analysis
Parcel NM-316068
Lea County, NM · 118 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$74,500
Adjusted value
$89,937
Value range
$67,396–$112,479
Comp $/acre
$765/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.2% versus the adjusted value.
Offer position
Max allowable offer
$51,393
Offer $/acre
$437/ac
Projected profit
$26,981
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-806012 | 112.9 | Jul 27, 2026 | $150,500 | 1,332 | 966 | 91 |
| NM-104421 | 35.7 | Jul 27, 2026 | $30,200 | 846 | 562 | 71 |
| NM-714569 | 39.7 | Dec 10, 2025 | $30,100 | 758 | 613 | 68 |
| NM-517765 | 402.1 | Nov 22, 2025 | $138,900 | 345 | 635 | 61 |
| NM-737334 | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 1,017 | 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.