Comparable sales & offer analysis
Parcel NM-601259
San Miguel County, NM · 3.61 ac · Agricultural · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$5,600
Adjusted value
$7,618
Value range
$5,819–$9,417
Comp $/acre
$2,110/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -26.5% versus the adjusted value.
Offer position
Max allowable offer
$4,353
Offer $/acre
$1,206/ac
Projected profit
$2,285
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-171458 | 4.2 | Apr 14, 2026 | $7,300 | 1,742 | 2,883 | 79 |
| NM-361575 | 4.5 | May 30, 2025 | $3,900 | 860 | 1,591 | 78 |
| NM-881938 | 5.9 | Jul 27, 2026 | $12,200 | 2,063 | 2,498 | 77 |
| NM-540374 | 1.9 | Jul 27, 2026 | $3,800 | 1,986 | 1,968 | 75 |
| NM-551016 | 3.0 | Jul 9, 2025 | $3,700 | 1,218 | 1,749 | 70 |
| NM-351889 | 5.7 | Oct 28, 2025 | $6,000 | 1,045 | 1,788 | 65 |
| NM-722227 | 7.3 | Jan 5, 2025 | $7,700 | 1,059 | 1,612 | 59 |
| NM-712901 | 11.9 | Sep 18, 2024 | $20,900 | 1,764 | 2,819 | 52 |
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.