Comparable sales & offer analysis
Parcel NM-673568
Lea County, NM · 19.23 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$14,300
Adjusted value
$16,487
Value range
$13,248–$19,727
Comp $/acre
$857/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -13.3% versus the adjusted value.
Offer position
Max allowable offer
$9,421
Offer $/acre
$490/ac
Projected profit
$4,946
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-963194 | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,014 | 74 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 944 | 71 |
| NM-104421 | 35.7 | Jul 27, 2026 | $30,200 | 846 | 636 | 70 |
| NM-714569 | 39.7 | Dec 10, 2025 | $30,100 | 758 | 693 | 70 |
| NM-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,068 | 70 |
| NM-394197 | 30.3 | Dec 16, 2025 | $33,400 | 1,103 | 817 | 68 |
| NM-361852 | 5.5 | Jul 12, 2026 | $8,000 | 1,436 | 878 | 66 |
| NM-131866 | 5.6 | Jun 16, 2025 | $6,000 | 1,070 | 588 | 53 |
| NM-171901 | 5.8 | Apr 7, 2024 | $9,100 | 1,574 | 1,055 | 53 |
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.