Comparable sales & offer analysis
Parcel NM-844281
San Miguel County, NM · 32.23 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$29,900
Adjusted value
$47,225
Value range
$37,324–$57,125
Comp $/acre
$1,465/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -36.7% versus the adjusted value.
Offer position
Max allowable offer
$26,986
Offer $/acre
$837/ac
Projected profit
$14,167
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-923964 | 25.6 | Jan 29, 2026 | $37,700 | 1,471 | 1,196 | 75 |
| NM-573763 | 22.1 | Jun 15, 2026 | $22,300 | 1,006 | 1,120 | 74 |
| NM-305526 | 79.4 | Sep 6, 2024 | $63,900 | 804 | 1,540 | 66 |
| NM-712901 | 11.9 | Sep 18, 2024 | $20,900 | 1,764 | 1,961 | 63 |
| NM-145383 | 71.6 | Jun 29, 2025 | $103,300 | 1,443 | 1,777 | 62 |
| NM-105193 | 62.4 | Nov 23, 2024 | $69,600 | 1,115 | 1,300 | 60 |
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.