Comparable sales & offer analysis
Parcel NM-563867
Otero County, NM · 23.88 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$15,200
Adjusted value
$18,367
Value range
$13,879–$22,855
Comp $/acre
$769/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.2% versus the adjusted value.
Offer position
Max allowable offer
$10,495
Offer $/acre
$440/ac
Projected profit
$5,510
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-603270 | 15.5 | Jul 27, 2026 | $29,900 | 1,928 | 867 | 75 |
| NM-624465 | 36.8 | Jul 27, 2026 | $22,900 | 621 | 528 | 74 |
| NM-914112 | 28.5 | Dec 11, 2025 | $44,900 | 1,574 | 961 | 70 |
| NM-724577 | 39.9 | Jun 15, 2025 | $48,200 | 1,208 | 653 | 70 |
| NM-634763 | 45.7 | Jan 25, 2026 | $37,500 | 821 | 637 | 66 |
| NM-284457 | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 1,114 | 66 |
| NM-733093 | 13.6 | Sep 24, 2024 | $13,400 | 985 | 547 | 63 |
| NM-664932 | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 821 | 56 |
| NM-445526 | 79.4 | Feb 29, 2024 | $116,700 | 1,469 | 816 | 52 |
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.