Comparable sales & offer analysis
Parcel NM-297269
San Miguel County, NM · 281 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$212,900
Adjusted value
$244,944
Value range
$204,443–$285,445
Comp $/acre
$873/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -13.1% versus the adjusted value.
Offer position
Max allowable offer
$139,968
Offer $/acre
$499/ac
Projected profit
$73,483
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-707104 | 249.1 | Apr 3, 2026 | $146,400 | 588 | 682 | 84 |
| NM-187153 | 258.1 | Dec 23, 2023 | $259,600 | 1,006 | 1,097 | 75 |
| NM-646129 | 122.9 | Jul 27, 2026 | $84,500 | 687 | 755 | 70 |
| NM-186736 | 190.8 | Apr 6, 2024 | $134,600 | 706 | 822 | 66 |
| NM-105193 | 62.4 | Nov 23, 2024 | $69,600 | 1,115 | 777 | 63 |
| NM-145383 | 71.6 | Jun 29, 2025 | $103,300 | 1,443 | 1,062 | 58 |
| NM-139193 | 1131.4 | Oct 17, 2024 | $466,000 | 412 | 930 | 55 |
| NM-305526 | 79.4 | Sep 6, 2024 | $63,900 | 804 | 920 | 53 |
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.