Comparable sales & offer analysis
Parcel NM-187153
San Miguel County, NM · 258 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$264,400
Adjusted value
$197,947
Value range
$172,429–$223,466
Comp $/acre
$767/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.6% versus the adjusted value.
Offer position
Max allowable offer
$113,113
Offer $/acre
$438/ac
Projected profit
$59,384
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-297269 | 280.7 | Feb 21, 2026 | $174,800 | 623 | 654 | 84 |
| NM-707104 | 249.1 | Apr 3, 2026 | $146,400 | 588 | 699 | 81 |
| NM-646129 | 122.9 | Jul 27, 2026 | $84,500 | 687 | 774 | 72 |
| NM-186736 | 190.8 | Apr 6, 2024 | $134,600 | 706 | 842 | 66 |
| NM-305526 | 79.4 | Sep 6, 2024 | $63,900 | 804 | 943 | 54 |
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.