Comparable sales & offer analysis
Parcel NM-563867
Otero County, NM · 23.88 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$15,200
Adjusted value
$18,469
Value range
$13,957–$22,981
Comp $/acre
$773/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -17.7% versus the adjusted value.
Offer position
Max allowable offer
$10,554
Offer $/acre
$442/ac
Projected profit
$5,541
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 | 872 | 74 |
| NM-624465 | 36.8 | Jul 27, 2026 | $22,900 | 621 | 530 | 73 |
| NM-724577 | 39.9 | Jun 15, 2025 | $48,200 | 1,208 | 656 | 69 |
| NM-914112 | 28.5 | Dec 11, 2025 | $44,900 | 1,574 | 966 | 69 |
| NM-284457 | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 1,120 | 65 |
| NM-634763 | 45.7 | Jan 25, 2026 | $37,500 | 821 | 640 | 65 |
| NM-733093 | 13.6 | Sep 24, 2024 | $13,400 | 985 | 550 | 62 |
| NM-664932 | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 825 | 55 |
| NM-445526 | 79.4 | Feb 29, 2024 | $116,700 | 1,469 | 821 | 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.