Comparable sales & offer analysis
Parcel NM-608487
Luna County, NM · 678 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$425,800
Adjusted value
$409,652
Value range
$357,158–$462,146
Comp $/acre
$604/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.9% versus the adjusted value.
Offer position
Max allowable offer
$234,087
Offer $/acre
$345/ac
Projected profit
$122,895
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 | 608 | 77 |
| NM-417646 | 368.9 | Jul 27, 2026 | $553,000 | 1,499 | 701 | 72 |
| NM-378215 | 557.1 | Jun 14, 2024 | $558,000 | 1,002 | 577 | 69 |
| NM-289303 | 1225.2 | Aug 22, 2025 | $571,500 | 466 | 469 | 64 |
| NM-159392 | 1306.8 | Aug 31, 2024 | $1,115,300 | 853 | 656 | 60 |
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.