Comparable sales & offer analysis
Parcel NM-289004
Otero County, NM · 987 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$297,500
Adjusted value
$355,134
Value range
$293,745–$416,523
Comp $/acre
$360/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -16.2% versus the adjusted value.
Offer position
Max allowable offer
$202,934
Offer $/acre
$206/ac
Projected profit
$106,540
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-468597 | 734.7 | Jun 16, 2026 | $317,100 | 432 | 339 | 83 |
| NM-458750 | 820.8 | Jul 27, 2026 | $289,700 | 353 | 242 | 82 |
| NM-139335 | 1254.0 | Nov 25, 2024 | $437,000 | 349 | 415 | 75 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 409 | 64 |
| NM-386093 | 119.8 | May 5, 2026 | $108,700 | 908 | 425 | 58 |
| NM-396182 | 127.7 | Sep 2, 2025 | $72,100 | 565 | 378 | 56 |
| NM-966438 | 153.8 | Jan 27, 2024 | $102,400 | 666 | 347 | 53 |
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.