Comparable sales & offer analysis
Parcel NM-904925
Lincoln County, NM · 51.38 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$38,800
Adjusted value
$53,170
Value range
$46,489–$59,850
Comp $/acre
$1,035/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.0% versus the adjusted value.
Offer position
Max allowable offer
$30,383
Offer $/acre
$591/ac
Projected profit
$15,951
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-465376 | 71.2 | May 15, 2026 | $65,500 | 919 | 1,158 | 82 |
| NM-174231 | 31.1 | Jul 27, 2026 | $37,100 | 1,195 | 929 | 82 |
| NM-623069 | 13.4 | Jul 27, 2026 | $15,400 | 1,151 | 943 | 68 |
| NM-956740 | 191.4 | Feb 16, 2026 | $130,600 | 683 | 960 | 66 |
| NM-813652 | 20.4 | Oct 25, 2025 | $27,300 | 1,335 | 959 | 62 |
| NM-306565 | 168.6 | Nov 3, 2025 | $218,700 | 1,297 | 1,284 | 58 |
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.