Comparable sales & offer analysis
Parcel NM-174231
Lincoln County, NM · 31.08 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$42,300
Adjusted value
$40,737
Value range
$34,286–$47,189
Comp $/acre
$1,311/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.8% versus the adjusted value.
Offer position
Max allowable offer
$23,279
Offer $/acre
$749/ac
Projected profit
$12,221
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-623069 | 13.4 | Jul 27, 2026 | $15,400 | 1,151 | 1,223 | 75 |
| NM-904925 | 51.4 | Jul 19, 2025 | $40,400 | 785 | 1,064 | 73 |
| NM-813652 | 20.4 | Oct 25, 2025 | $27,300 | 1,335 | 1,244 | 67 |
| NM-465376 | 71.2 | May 15, 2026 | $65,500 | 919 | 1,501 | 67 |
| NM-282314 | 7.8 | Sep 21, 2025 | $9,400 | 1,210 | 1,083 | 62 |
| NM-161890 | 5.7 | May 25, 2025 | $9,400 | 1,656 | 1,474 | 60 |
| NM-306565 | 168.6 | Nov 3, 2025 | $218,700 | 1,297 | 1,665 | 59 |
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.