Comparable sales & offer analysis
Parcel NM-966438
Otero County, NM · 154 ac · Recreational · Dirt · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$112,500
Adjusted value
$137,532
Value range
$124,325–$150,740
Comp $/acre
$894/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.2% versus the adjusted value.
Offer position
Max allowable offer
$78,590
Offer $/acre
$511/ac
Projected profit
$41,260
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-396182 | 127.7 | Sep 2, 2025 | $72,100 | 565 | 807 | 80 |
| NM-386093 | 119.8 | May 5, 2026 | $108,700 | 908 | 907 | 73 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 872 | 65 |
| NM-445526 | 79.4 | Feb 29, 2024 | $116,700 | 1,469 | 1,006 | 63 |
| NM-664932 | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 1,011 | 58 |
| NM-634763 | 45.7 | Jan 25, 2026 | $37,500 | 821 | 785 | 58 |
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.