Comparable sales & offer analysis
Parcel NM-507355
Socorro County, NM · 299 ac · Residential · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$228,100
Adjusted value
$148,021
Value range
$111,344–$184,698
Comp $/acre
$495/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +54.1% versus the adjusted value.
Offer position
Max allowable offer
$84,583
Offer $/acre
$283/ac
Projected profit
$44,406
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-567846 | 426.4 | Apr 17, 2026 | $195,700 | 459 | 416 | 75 |
| NM-167497 | 331.1 | Oct 16, 2025 | $179,700 | 543 | 394 | 71 |
| NM-287190 | 265.1 | Mar 15, 2025 | $124,200 | 469 | 386 | 68 |
| NM-906278 | 136.9 | Mar 18, 2026 | $114,800 | 839 | 552 | 65 |
| NM-268589 | 730.4 | Feb 23, 2025 | $346,600 | 474 | 524 | 64 |
| NM-988464 | 667.2 | Aug 20, 2024 | $305,900 | 458 | 747 | 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.