Comparable sales & offer analysis
Parcel NM-417646
Luna County, NM · 369 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$551,900
Adjusted value
$435,430
Value range
$377,957–$492,902
Comp $/acre
$1,180/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +26.7% versus the adjusted value.
Offer position
Max allowable offer
$248,817
Offer $/acre
$675/ac
Projected profit
$130,629
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-378215 | 557.1 | Jun 14, 2024 | $558,000 | 1,002 | 1,237 | 72 |
| NM-108897 | 913.0 | Nov 10, 2025 | $847,800 | 929 | 1,305 | 67 |
| NM-608487 | 678.4 | Feb 10, 2025 | $400,300 | 590 | 1,353 | 63 |
| NM-289303 | 1225.2 | Aug 22, 2025 | $571,500 | 466 | 1,006 | 60 |
| NM-916574 | 169.7 | Mar 27, 2025 | $135,600 | 799 | 961 | 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.