Comparable sales & offer analysis
Parcel NM-580589
Otero County, NM · 2.22 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$2,200
Adjusted value
$3,138
Value range
$2,548–$3,729
Comp $/acre
$1,414/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -29.9% versus the adjusted value.
Offer position
Max allowable offer
$1,793
Offer $/acre
$808/ac
Projected profit
$941
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-791526 | 4.4 | Dec 31, 2025 | $8,000 | 1,832 | 1,555 | 70 |
| NM-810899 | 2.8 | Mar 16, 2025 | $3,400 | 1,212 | 1,324 | 69 |
| NM-530463 | 2.0 | Feb 26, 2024 | $1,600 | 782 | 1,268 | 69 |
| NM-501293 | 3.7 | Oct 27, 2024 | $11,400 | 3,080 | 1,984 | 68 |
| NM-161714 | 5.0 | Feb 17, 2025 | $5,000 | 1,002 | 1,093 | 67 |
| NM-881440 | 4.1 | Nov 1, 2025 | $6,000 | 1,460 | 1,302 | 66 |
| NM-252058 | 6.4 | Aug 20, 2025 | $9,500 | 1,477 | 1,360 | 64 |
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.