Comparable sales & offer analysis
Parcel NM-394197
Lea County, NM · 30.32 ac · Residential · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$38,300
Adjusted value
$35,844
Value range
$28,943–$42,745
Comp $/acre
$1,182/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +6.9% versus the adjusted value.
Offer position
Max allowable offer
$20,482
Offer $/acre
$676/ac
Projected profit
$10,753
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-104421 | 35.7 | Jul 27, 2026 | $30,200 | 846 | 886 | 76 |
| NM-714569 | 39.7 | Dec 10, 2025 | $30,100 | 758 | 966 | 75 |
| NM-462991 | 12.7 | Jul 27, 2026 | $18,500 | 1,460 | 1,317 | 72 |
| NM-673568 | 19.2 | Jan 17, 2026 | $14,500 | 755 | 1,084 | 69 |
| NM-543236 | 15.1 | Oct 12, 2025 | $23,500 | 1,551 | 1,489 | 68 |
| NM-963194 | 14.7 | Jul 22, 2025 | $21,500 | 1,465 | 1,414 | 65 |
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.