Comparable sales & offer analysis
Parcel NM-868813
Torrance County, NM · 859 ac · Agricultural · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$292,600
Adjusted value
$409,596
Value range
$353,200–$465,991
Comp $/acre
$477/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.6% versus the adjusted value.
Offer position
Max allowable offer
$234,055
Offer $/acre
$272/ac
Projected profit
$122,879
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 | 408 | 69 |
| NM-939993 | 2019.7 | Jul 27, 2026 | $825,700 | 409 | 362 | 64 |
| NM-599753 | 1697.4 | Jul 28, 2025 | $1,268,000 | 747 | 561 | 64 |
| NM-679264 | 1191.1 | Sep 6, 2024 | $655,500 | 550 | 524 | 62 |
| NM-557472 | 325.2 | Nov 15, 2025 | $304,600 | 937 | 487 | 62 |
| NM-607303 | 287.7 | Dec 20, 2024 | $284,500 | 989 | 514 | 57 |
| NM-477152 | 257.9 | Jul 14, 2025 | $303,100 | 1,175 | 498 | 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.