Comparable sales & offer analysis
Parcel NM-186736
San Miguel County, NM · 191 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$159,500
Adjusted value
$151,256
Value range
$120,690–$181,823
Comp $/acre
$793/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +5.5% versus the adjusted value.
Offer position
Max allowable offer
$86,432
Offer $/acre
$453/ac
Projected profit
$45,377
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 | 647 | 80 |
| NM-646129 | 122.9 | Jul 27, 2026 | $84,500 | 687 | 716 | 79 |
| NM-297269 | 280.7 | Feb 21, 2026 | $174,800 | 623 | 606 | 74 |
| NM-187153 | 258.1 | Dec 23, 2023 | $259,600 | 1,006 | 1,040 | 66 |
| NM-145383 | 71.6 | Jun 29, 2025 | $103,300 | 1,443 | 1,007 | 64 |
| NM-305526 | 79.4 | Sep 6, 2024 | $63,900 | 804 | 873 | 60 |
| NM-105193 | 62.4 | Nov 23, 2024 | $69,600 | 1,115 | 737 | 56 |
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.