Comparable sales & offer analysis
Parcel NM-351889
San Miguel County, NM · 5.70 ac · Unzoned · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$6,200
Adjusted value
$7,332
Value range
$5,524–$9,140
Comp $/acre
$1,286/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -15.4% versus the adjusted value.
Offer position
Max allowable offer
$4,190
Offer $/acre
$735/ac
Projected profit
$2,200
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-881938 | 5.9 | Jul 27, 2026 | $12,200 | 2,063 | 1,518 | 84 |
| NM-171458 | 4.2 | Apr 14, 2026 | $7,300 | 1,742 | 1,752 | 78 |
| NM-361575 | 4.5 | May 30, 2025 | $3,900 | 860 | 967 | 66 |
| NM-551016 | 3.0 | Jul 9, 2025 | $3,700 | 1,218 | 1,063 | 66 |
| NM-722227 | 7.3 | Jan 5, 2025 | $7,700 | 1,059 | 980 | 66 |
| NM-540374 | 1.9 | Jul 27, 2026 | $3,800 | 1,986 | 1,196 | 66 |
| NM-601259 | 3.6 | Apr 26, 2025 | $5,500 | 1,514 | 976 | 62 |
| NM-712901 | 11.9 | Sep 18, 2024 | $20,900 | 1,764 | 1,713 | 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.