Comparable sales & offer analysis
Parcel NM-139335
Otero County, NM · 1,254 ac · Agricultural · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$453,800
Adjusted value
$367,532
Value range
$305,926–$429,138
Comp $/acre
$293/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +23.5% versus the adjusted value.
Offer position
Max allowable offer
$210,018
Offer $/acre
$167/ac
Projected profit
$110,260
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 | 307 | 76 |
| NM-289004 | 986.6 | Feb 5, 2025 | $282,600 | 286 | 278 | 76 |
| NM-458750 | 820.8 | Jul 27, 2026 | $289,700 | 353 | 219 | 75 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 370 | 59 |
| NM-966438 | 153.8 | Jan 27, 2024 | $102,400 | 666 | 314 | 53 |
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.