Comparable sales & offer analysis
Parcel NM-289004
Otero County, NM · 987 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$297,500
Adjusted value
$353,142
Value range
$291,974–$414,311
Comp $/acre
$358/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -15.8% versus the adjusted value.
Offer position
Max allowable offer
$201,796
Offer $/acre
$205/ac
Projected profit
$105,943
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 | 337 | 84 |
| NM-458750 | 820.8 | Jul 27, 2026 | $289,700 | 353 | 241 | 83 |
| NM-139335 | 1254.0 | Nov 25, 2024 | $437,000 | 349 | 413 | 75 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 407 | 65 |
| NM-386093 | 119.8 | May 5, 2026 | $108,700 | 908 | 423 | 59 |
| NM-396182 | 127.7 | Sep 2, 2025 | $72,100 | 565 | 376 | 57 |
| NM-966438 | 153.8 | Jan 27, 2024 | $102,400 | 666 | 345 | 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.