Comparable sales & offer analysis
Parcel NM-608487
Luna County, NM · 678 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$425,800
Adjusted value
$407,559
Value range
$355,301–$459,817
Comp $/acre
$601/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +4.5% versus the adjusted value.
Offer position
Max allowable offer
$232,891
Offer $/acre
$343/ac
Projected profit
$122,268
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-108897 | 913.0 | Nov 10, 2025 | $847,800 | 929 | 605 | 78 |
| NM-417646 | 368.9 | Jul 27, 2026 | $553,000 | 1,499 | 697 | 74 |
| NM-378215 | 557.1 | Jun 14, 2024 | $558,000 | 1,002 | 574 | 69 |
| NM-289303 | 1225.2 | Aug 22, 2025 | $571,500 | 466 | 467 | 64 |
| NM-159392 | 1306.8 | Aug 31, 2024 | $1,115,300 | 853 | 652 | 61 |
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.