Comparable sales & offer analysis
Parcel NM-316068
Lea County, NM · 118 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$74,500
Adjusted value
$90,474
Value range
$67,808–$113,141
Comp $/acre
$769/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.7% versus the adjusted value.
Offer position
Max allowable offer
$51,700
Offer $/acre
$440/ac
Projected profit
$27,142
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 | 972 | 90 |
| NM-104421 | 35.7 | Jul 27, 2026 | $30,200 | 846 | 566 | 70 |
| NM-714569 | 39.7 | Dec 10, 2025 | $30,100 | 758 | 617 | 67 |
| NM-517765 | 402.1 | Nov 22, 2025 | $138,900 | 345 | 638 | 60 |
| NM-737334 | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 1,022 | 56 |
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.