Comparable sales & offer analysis
Parcel NM-396182
Otero County, NM · 128 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$86,300
Adjusted value
$83,585
Value range
$65,449–$101,721
Comp $/acre
$654/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.2% versus the adjusted value.
Offer position
Max allowable offer
$47,763
Offer $/acre
$374/ac
Projected profit
$25,075
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-386093 | 119.8 | May 5, 2026 | $108,700 | 908 | 660 | 82 |
| NM-966438 | 153.8 | Jan 27, 2024 | $102,400 | 666 | 539 | 74 |
| NM-624465 | 36.8 | Jul 27, 2026 | $22,900 | 621 | 473 | 70 |
| NM-445526 | 79.4 | Feb 29, 2024 | $116,700 | 1,469 | 732 | 66 |
| NM-634763 | 45.7 | Jan 25, 2026 | $37,500 | 821 | 571 | 64 |
| NM-664932 | 51.6 | Mar 22, 2024 | $61,200 | 1,185 | 736 | 64 |
| NM-737793 | 410.3 | May 19, 2024 | $199,300 | 486 | 635 | 62 |
| NM-284457 | 36.6 | Mar 7, 2025 | $62,300 | 1,703 | 999 | 62 |
| NM-724577 | 39.9 | Jun 15, 2025 | $48,200 | 1,208 | 585 | 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.