Comparable sales & offer analysis
Parcel NM-724577
Otero County, NM · 39.93 ac · Recreational · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$53,600
Adjusted value
$57,986
Value range
$43,813–$72,159
Comp $/acre
$1,452/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -7.6% versus the adjusted value.
Offer position
Max allowable offer
$33,135
Offer $/acre
$830/ac
Projected profit
$17,396
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 | 1,024 | 76 |
| NM-634763 | 45.7 | Jan 25, 2026 | $37,500 | 821 | 1,236 | 73 |
| NM-603270 | 15.5 | Jul 27, 2026 | $29,900 | 1,928 | 1,684 | 71 |
| NM-284457 | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 2,163 | 68 |
| NM-914112 | 28.5 | Dec 11, 2025 | $44,900 | 1,574 | 1,865 | 68 |
| NM-563867 | 23.9 | Sep 20, 2024 | $13,400 | 562 | 1,179 | 66 |
| NM-664932 | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 1,594 | 64 |
| NM-386093 | 119.8 | May 5, 2026 | $108,700 | 908 | 1,429 | 63 |
| NM-396182 | 127.7 | Sep 2, 2025 | $72,100 | 565 | 1,272 | 62 |
| NM-733093 | 13.6 | Sep 24, 2024 | $13,400 | 985 | 1,063 | 59 |
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.