Comparable sales & offer analysis
Parcel NM-289303
Luna County, NM · 1,225 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$666,100
Adjusted value
$806,776
Value range
$742,234–$871,318
Comp $/acre
$658/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.4% versus the adjusted value.
Offer position
Max allowable offer
$461,015
Offer $/acre
$376/ac
Projected profit
$242,033
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-159392 | 1306.8 | Aug 31, 2024 | $1,115,300 | 853 | 679 | 72 |
| NM-108897 | 913.0 | Nov 10, 2025 | $847,800 | 929 | 630 | 70 |
| NM-417646 | 368.9 | Jul 27, 2026 | $553,000 | 1,499 | 725 | 67 |
| NM-608487 | 678.4 | Feb 10, 2025 | $400,300 | 590 | 653 | 62 |
| NM-378215 | 557.1 | Jun 14, 2024 | $558,000 | 1,002 | 597 | 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.