Comparable sales & offer analysis
Parcel NM-187153
San Miguel County, NM · 258 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$264,400
Adjusted value
$196,830
Value range
$171,447–$222,213
Comp $/acre
$763/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +34.3% versus the adjusted value.
Offer position
Max allowable offer
$112,474
Offer $/acre
$436/ac
Projected profit
$59,049
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 | 651 | 85 |
| NM-707104 | 249.1 | Apr 3, 2026 | $146,400 | 588 | 695 | 82 |
| NM-646129 | 122.9 | Jul 27, 2026 | $84,500 | 687 | 769 | 73 |
| NM-186736 | 190.8 | Apr 6, 2024 | $134,600 | 706 | 838 | 67 |
| NM-305526 | 79.4 | Sep 6, 2024 | $63,900 | 804 | 938 | 55 |
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.