Comparable sales & offer analysis
Parcel NM-468597
Otero County, NM · 735 ac · Residential · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$348,800
Adjusted value
$317,890
Value range
$254,214–$381,567
Comp $/acre
$433/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +9.7% versus the adjusted value.
Offer position
Max allowable offer
$181,652
Offer $/acre
$247/ac
Projected profit
$95,367
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 | 310 | 86 |
| NM-289004 | 986.6 | Feb 5, 2025 | $282,600 | 286 | 393 | 75 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 524 | 68 |
| NM-139335 | 1254.0 | Nov 25, 2024 | $437,000 | 349 | 532 | 67 |
| NM-966438 | 153.8 | Jan 27, 2024 | $102,400 | 666 | 445 | 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.