Comparable sales & offer analysis
Parcel NM-603270
Otero County, NM · 15.49 ac · Agricultural · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$31,900
Adjusted value
$25,076
Value range
$18,793–$31,359
Comp $/acre
$1,619/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +27.2% versus the adjusted value.
Offer position
Max allowable offer
$14,329
Offer $/acre
$925/ac
Projected profit
$7,523
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-733093 | 13.6 | Sep 24, 2024 | $13,400 | 985 | 1,226 | 76 |
| NM-624465 | 36.8 | Jul 27, 2026 | $22,900 | 621 | 1,182 | 75 |
| NM-914112 | 28.5 | Dec 11, 2025 | $44,900 | 1,574 | 2,152 | 70 |
| NM-161714 | 5.0 | Feb 17, 2025 | $5,000 | 1,002 | 1,413 | 68 |
| NM-252058 | 6.4 | Aug 20, 2025 | $9,500 | 1,477 | 1,758 | 67 |
| NM-634763 | 45.7 | Jan 25, 2026 | $37,500 | 821 | 1,426 | 65 |
| NM-284457 | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 2,495 | 63 |
| NM-563867 | 23.9 | Sep 20, 2024 | $13,400 | 562 | 1,359 | 63 |
| NM-724577 | 39.9 | Jun 15, 2025 | $48,200 | 1,208 | 1,462 | 61 |
| NM-664932 | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 1,838 | 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.