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    4 Milky Way Dr Milan, NM 87020

    Pending
    For Sale
    Contact for pricing

    Unimproved Land - Milan, NM

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Days on Market:
    27
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 4 Milky Way Dr

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Pending
    APN
    R19483
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    eXp REALTY, LLC (505) 554-3873 [email protected]

    Listing agent Geoffrey Bia (505) 554-3873

    Listing date Nov 17, 2025

    MLS# 20253535 Listing URL

    Copyright © 2025 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Milan, NM - Unimproved Land

    This 1-acre property in Milan, New Mexico, is an ideal location for building a home or investing in future development. Located just off Highway 605, the lot provides convenient access to main roads and a peaceful, rural setting. The spacious lot offers ample room for a home, garage, workshop, or small homestead. The property is located minutes from downtown Milan and Grants, schools, shopping, and local amenities. The natural New Mexico landscape features wide-open skies. Utilities are located nearby. This versatile lot is situated in a growing area of Cibola County.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Milan
    County
    Cibola
    State
    New Mexico
    Longitude
    -107.891867426
    Latitude
    35.194672852

    Nearby Similar for Sale

    • $139,000
      1,922 SF

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      Versatile duplex with long-term renters, ideal for investment.
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      View Details

    FAQs

    What type of property is this?
    Land - One acre of land perfect for building or investment.
    Where is this land located?
    The property is located at 4 Milky Way Dr Milan, NM.
    What is the asking price?
    The asking price for this property is $22,000.
    What are key features of this property?
    This property features: - 1.0 Acre of Level Land Ideal for Building or Investment; - Convenient Access to Hwy 605; - Utilities Nearby
    (505) 554-3873
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    4 Milky Way Dr Milan, NM 87020
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    Milan, NM 87020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4 Milky Way Dr Milan, NM 87020
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