Comparable sales & offer analysis
Parcel NM-914112
Otero County, NM · 28.51 ac · Residential · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$52,000
Adjusted value
$35,346
Value range
$26,564–$44,128
Comp $/acre
$1,240/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +47.1% versus the adjusted value.
Offer position
Max allowable offer
$20,198
Offer $/acre
$708/ac
Projected profit
$10,604
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-624465 | 36.8 | Jul 27, 2026 | $22,900 | 621 | 889 | 81 |
| NM-603270 | 15.5 | Jul 27, 2026 | $29,900 | 1,928 | 1,461 | 76 |
| NM-634763 | 45.7 | Jan 25, 2026 | $37,500 | 821 | 1,073 | 76 |
| NM-284457 | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 1,877 | 75 |
| NM-664932 | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 1,383 | 65 |
| NM-724577 | 39.9 | Jun 15, 2025 | $48,200 | 1,208 | 1,100 | 65 |
| NM-563867 | 23.9 | Sep 20, 2024 | $13,400 | 562 | 1,023 | 63 |
| NM-445526 | 79.4 | Feb 29, 2024 | $116,700 | 1,469 | 1,376 | 59 |
| NM-733093 | 13.6 | Sep 24, 2024 | $13,400 | 985 | 922 | 57 |
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.