Comparable sales & offer analysis
Parcel NM-868813
Torrance County, NM · 859 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$292,600
Adjusted value
$407,297
Value range
$351,101–$463,493
Comp $/acre
$474/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.2% versus the adjusted value.
Offer position
Max allowable offer
$232,741
Offer $/acre
$271/ac
Projected profit
$122,189
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-348934 | 937.8 | Jan 4, 2025 | $516,800 | 551 | 406 | 70 |
| NM-939993 | 2019.7 | Jul 27, 2026 | $825,700 | 409 | 360 | 66 |
| NM-599753 | 1697.4 | Jul 28, 2025 | $1,268,000 | 747 | 558 | 64 |
| NM-557472 | 325.2 | Nov 15, 2025 | $304,600 | 937 | 484 | 62 |
| NM-679264 | 1191.1 | Sep 6, 2024 | $655,500 | 550 | 521 | 62 |
| NM-607303 | 287.7 | Dec 20, 2024 | $284,500 | 989 | 511 | 58 |
| NM-477152 | 257.9 | Jul 14, 2025 | $303,100 | 1,175 | 495 | 56 |
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.