Comparable sales & offer analysis
Parcel NM-378215
Luna County, NM · 557 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$565,300
Adjusted value
$630,916
Value range
$532,658–$729,173
Comp $/acre
$1,133/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.4% versus the adjusted value.
Offer position
Max allowable offer
$360,523
Offer $/acre
$647/ac
Projected profit
$189,275
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-417646 | 368.9 | Jul 27, 2026 | $553,000 | 1,499 | 1,335 | 83 |
| NM-608487 | 678.4 | Feb 10, 2025 | $400,300 | 590 | 1,202 | 71 |
| NM-108897 | 913.0 | Nov 10, 2025 | $847,800 | 929 | 1,159 | 70 |
| NM-289303 | 1225.2 | Aug 22, 2025 | $571,500 | 466 | 894 | 64 |
| NM-159392 | 1306.8 | Aug 31, 2024 | $1,115,300 | 853 | 1,249 | 58 |
| NM-916574 | 169.7 | Mar 27, 2025 | $135,600 | 799 | 854 | 54 |
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.