Comparable sales & offer analysis
Parcel NM-458750
Otero County, NM · 821 ac · Unzoned · Paved · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$344,500
Adjusted value
$432,894
Value range
$382,289–$483,500
Comp $/acre
$527/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -20.4% versus the adjusted value.
Offer position
Max allowable offer
$247,368
Offer $/acre
$301/ac
Projected profit
$129,868
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-468597 | 734.7 | Jun 16, 2026 | $317,100 | 432 | 496 | 85 |
| NM-289004 | 986.6 | Feb 5, 2025 | $282,600 | 286 | 448 | 73 |
| NM-139335 | 1254.0 | Nov 25, 2024 | $437,000 | 349 | 606 | 66 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 597 | 61 |
| NM-966438 | 153.8 | Jan 27, 2024 | $102,400 | 666 | 508 | 51 |
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.