Comparable sales & offer analysis
Parcel NM-348934
Torrance County, NM · 938 ac · Unzoned · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$559,900
Adjusted value
$629,990
Value range
$525,600–$734,381
Comp $/acre
$672/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.1% versus the adjusted value.
Offer position
Max allowable offer
$359,994
Offer $/acre
$384/ac
Projected profit
$188,997
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-939993 | 2019.7 | Jul 27, 2026 | $825,700 | 409 | 521 | 74 |
| NM-679264 | 1191.1 | Sep 6, 2024 | $655,500 | 550 | 754 | 72 |
| NM-868813 | 859.1 | Sep 14, 2024 | $292,600 | 341 | 533 | 69 |
| NM-557472 | 325.2 | Nov 15, 2025 | $304,600 | 937 | 701 | 67 |
| NM-599753 | 1697.4 | Jul 28, 2025 | $1,268,000 | 747 | 807 | 64 |
| NM-607303 | 287.7 | Dec 20, 2024 | $284,500 | 989 | 740 | 58 |
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.