Comparable sales & offer analysis
Parcel NM-161714
Otero County, NM · 5.02 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$4,700
Adjusted value
$6,689
Value range
$5,295–$8,083
Comp $/acre
$1,332/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -29.7% versus the adjusted value.
Offer position
Max allowable offer
$3,822
Offer $/acre
$761/ac
Projected profit
$2,007
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-881440 | 4.1 | Nov 1, 2025 | $6,000 | 1,460 | 1,274 | 80 |
| NM-252058 | 6.4 | Aug 20, 2025 | $9,500 | 1,477 | 1,331 | 77 |
| NM-603270 | 15.5 | Jul 27, 2026 | $29,900 | 1,928 | 1,472 | 77 |
| NM-791526 | 4.4 | Dec 31, 2025 | $8,000 | 1,832 | 1,522 | 74 |
| NM-810899 | 2.8 | Mar 16, 2025 | $3,400 | 1,212 | 1,296 | 68 |
| NM-580589 | 2.2 | Nov 2, 2024 | $2,000 | 897 | 944 | 66 |
| NM-501293 | 3.7 | Oct 27, 2024 | $11,400 | 3,080 | 1,942 | 63 |
| NM-530463 | 2.0 | Feb 26, 2024 | $1,600 | 782 | 1,241 | 62 |
| NM-733093 | 13.6 | Sep 24, 2024 | $13,400 | 985 | 929 | 61 |
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.