Comparable sales & offer analysis
Parcel NM-468597
Otero County, NM · 735 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$348,800
Adjusted value
$319,769
Value range
$255,873–$383,665
Comp $/acre
$435/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +9.1% versus the adjusted value.
Offer position
Max allowable offer
$182,725
Offer $/acre
$249/ac
Projected profit
$95,931
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-458750 | 820.8 | Jul 27, 2026 | $289,700 | 353 | 312 | 85 |
| NM-289004 | 986.6 | Feb 5, 2025 | $282,600 | 286 | 395 | 75 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 527 | 68 |
| NM-139335 | 1254.0 | Nov 25, 2024 | $437,000 | 349 | 535 | 67 |
| NM-966438 | 153.8 | Jan 27, 2024 | $102,400 | 666 | 447 | 55 |
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.