Comparable sales & offer analysis
Parcel NM-587943
Lea County, NM · 457 ac · Recreational · Dirt · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$347,300
Adjusted value
$367,771
Value range
$281,445–$454,097
Comp $/acre
$804/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -5.6% versus the adjusted value.
Offer position
Max allowable offer
$210,155
Offer $/acre
$459/ac
Projected profit
$110,331
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-268587 | 729.4 | Jul 16, 2026 | $579,200 | 794 | 918 | 75 |
| NM-619634 | 1557.2 | Jul 27, 2026 | $634,400 | 407 | 727 | 72 |
| NM-517765 | 402.1 | Nov 22, 2025 | $138,900 | 345 | 622 | 70 |
| NM-737334 | 294.3 | Oct 17, 2024 | $295,500 | 1,004 | 996 | 70 |
| NM-778211 | 555.5 | Jan 13, 2025 | $417,800 | 752 | 890 | 67 |
| NM-479536 | 1450.5 | Jul 27, 2026 | $438,200 | 302 | 533 | 65 |
| NM-369641 | 1565.1 | Mar 18, 2025 | $1,073,700 | 686 | 1,111 | 58 |
| NM-969323 | 1243.1 | Mar 2, 2024 | $488,800 | 393 | 619 | 52 |
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.