Comparable sales & offer analysis
Parcel NM-204529
Socorro County, NM · 38.57 ac · Unzoned · Paved · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$51,500
Adjusted value
$58,942
Value range
$50,468–$67,415
Comp $/acre
$1,528/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.6% versus the adjusted value.
Offer position
Max allowable offer
$33,681
Offer $/acre
$873/ac
Projected profit
$17,683
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-495018 | 55.0 | Jul 27, 2026 | $59,300 | 1,078 | 1,301 | 76 |
| NM-654611 | 40.9 | Mar 21, 2025 | $73,300 | 1,790 | 1,916 | 75 |
| NM-164082 | 27.9 | Nov 5, 2025 | $40,500 | 1,451 | 1,675 | 75 |
| NM-104852 | 48.7 | Mar 18, 2025 | $52,500 | 1,076 | 1,406 | 75 |
| NM-595162 | 61.0 | Jul 27, 2026 | $57,100 | 937 | 1,659 | 73 |
| NM-784978 | 53.4 | Dec 4, 2025 | $52,200 | 977 | 1,205 | 72 |
| NM-433992 | 26.1 | Jun 22, 2025 | $31,900 | 1,220 | 1,411 | 70 |
| NM-653202 | 14.8 | Nov 20, 2025 | $21,800 | 1,480 | 1,331 | 69 |
| NM-223508 | 18.4 | Apr 7, 2025 | $16,400 | 892 | 1,722 | 65 |
| NM-953393 | 16.9 | Jul 27, 2024 | $17,100 | 1,008 | 1,683 | 59 |
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.