Two-Story Office
For Sale
Contact for pricing
1144 Cadillac Court, Milpitas, CA 95035
Corner office condominium with private rooms, conference space, and designated parking.
Property Size1,780 SF
Price / SF$449.44
Days on Market8
Property Features for 1144 Cadillac Court
General Information
Standard status
Active
Size
1,780 SF
Total Parking Spaces
3
Property subtype
Office
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
2007
Stories
2
Units
1
Listing Agency:
AiCRE Partners
Listed By:
Michael Young · License #02003601
Source:
Crexi
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AiCRE Partners
Investment Insights
Based on property information with market context.
This office condominium occupies a two-story layout with five private rooms and a dedicated conference room. Constructed in 2007, the unit is positioned at a corner and includes three designated parking spaces, along with access to additional common-area parking. The property may accommodate professional services, medical or dental practices, and high-tech operations, as identified in the listing information.
Access is provided from Cadillac Court near California Circle, with convenient connections to Interstate 880 and Highway 237. The Milpitas location places the office within the broader Silicon Valley business community while supporting straightforward access for employees and visitors.
Access is provided from Cadillac Court near California Circle, with convenient connections to Interstate 880 and Highway 237. The Milpitas location places the office within the broader Silicon Valley business community while supporting straightforward access for employees and visitors.
Key Highlights
- Two‑story office condominium with five private rooms
- Built in 2007
- Three designated parking spaces plus common‑area parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,619
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,252,380
$1.3M
Cap Rate 7%
$894,557
$894.6K
Cap Rate 9%
$695,767
$695.8K
Market Conditions
NOI Build-Up for 1,780 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$99.8K $56.04/SF
− Vacancy
−$16.3K −$9.13/SF
EGI
$83.5K $46.91/SF
− OpEx
−$20.9K −$11.73/SF
NOI
$62.6K $35.18/SF
Area
Santa Clara County, CA
Vacancy
16.30%
Lease Rate
$56.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,252,380
Cap Rate 7%
$894,557
Cap Rate 9%
$695,767
Alternative Uses
Best Use
Office B
$894.6K
$782.7K – $1.04M
NOI $62,619 @ 7.0% cap · market cap 7.83%
Second Best
Healthcare Medical
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.07M
$940.3K – $1.25M
NOI $75,223 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
617
Businesses Nearby
Explore this area
Business Placement
Demographics for 95035, CA
80,440
Population
25,851
Households
3.1
Avg Household Size
37
Median Age
59%
College-Educated
90%
High-School Grad
22.4 sq mi
ZIP Area
3,591
Density / Sq Mi
$176,723
Median Household Income
$81,070
Median Earnings
$3,110
Median Rent
$1,180,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner office condominium with private rooms, conference space, and designated parking.
Where is this office units located?
The property is located at 1144 Cadillac Court Milpitas, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two‑story office condominium with five private rooms; Built in 2007; Three designated parking spaces plus common‑area parking
