Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    890 North Mccarthy Blvd Milpitas, CA 95035

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    19-building office and R&D campus on 68 acres.

    Property size:
    20,395 SF
    Lot size:
    20,395 SF

    Property Features for 890 North Mccarthy Blvd

    General Information

    Standard status
    Active
    Size
    20,395 SF

    We can help!

    Listing Contact
    Mark Schmidt
    Source: Cbre

    Listing Agent: Mark Schmidt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Milpitas Office and R&D Campus

    This campus-style property features lush landscaping across 68 acres and consists of 19 buildings, offering approximately 1.1 million square feet of office and R&D space. The location provides convenient access to Highway 237 and Interstate 880. It is situated near the McCarthy Ranch Marketplace, which offers a variety of dining, retail, and entertainment options, and is also located minutes from the North Park apartment community.
    Location Intelligence

    Current Use by Public Records

    The Core Group Construction Company Globalstar Security Services ... Telecommunications Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Milpitas
    County
    Santa Clara
    State
    California
    Longitude
    -121.924099
    Latitude
    37.428175

    Nearby Similar for Lease

    • $5 SF/Yr
      4,500 SF

      Turnkey Bakery Space Available

      Former bakery space with FF&E included, ready for occupancy.
      642-668 Barber Ln, Milpitas, CA 95035
      View Details
    • $4 SF/Yr
      12,000 SF

      Milpitas Retail Space Available

      Retail space available for rent in Milpitas, California.
      1463 Centre Pointe Dr, Milpitas, CA 95035
      View Details
    • Contact for pricing
      43,485 SF

      Milpitas Retail Space For Rent

      Retail space available in established Milpitas shopping center.
      110-158 Ranch Dr, Milpitas, CA 95035
      View Details
    • $4 SF/Yr
      5,600 SF

      Milpitas Retail Space Available

      5,600 SF retail space for rent in Milpitas, CA.
      1523 Gladding Ct, Milpitas, CA 95035
      View Details
    • $1.58 SF/Yr
      20,371 SF

      Milpitas Warehouse with Freeway Signage

      Warehouse space with dock loading and freeway visibility available August 2023.
      404-446 S Abbott Ave, Milpitas, CA 95035
      View Details
    • $1.55 SF/Yr
      36,288 SF

      Milpitas Warehouse with Renovated Office

      36,288 SF warehouse with planned office renovation for lease.
      746-876 S Milpitas Blvd, Milpitas, CA 95035
      View Details
    • $2 SF/Yr
      82,540 SF

      Milpitas R&D/Office Building For Rent

      Newly renovated R&D/Office building with high-quality lab space.
      195 South Milpitas Blvd, Milpitas, CA 95035
      View Details
    • $1.09 SF/Yr
      78,923 SF

      Milpitas Warehouse with Refrigeration

      78,923 SF warehouse space with refrigeration available for lease.
      950 Yosemite Dr, Milpitas, CA 95035
      View Details
    • $3 SF/Yr
      5,207 SF

      Milpitas Office and R&D Campus

      19-building office and R&D campus on 68 acres.
      880 North Mccarthy Blvd, Milpitas, CA 95035
      View Details
    • $2 SF/Yr
      13,362 SF

      Milpitas Office and R&D Campus

      Office and R&D campus in Milpitas available for lease.
      870 North Mccarthy Blvd, Milpitas, CA 95035
      View Details
    • $2 SF/Yr
      38,867 SF

      Milpitas Office and R&D Campus

      19-building office and R&D campus on 68 acres for lease.
      400 North Mccarthy Blvd, Milpitas, CA 95035
      View Details
    • $2 SF/Yr
      6,323 SF

      Milpitas Office and R&D Campus

      19-building office and R&D campus on 68 acres.
      690 North Mccarthy Blvd, Milpitas, CA 95035
      View Details

    FAQs

    What type of property is this?
    Office building - 19-building office and R&D campus on 68 acres.
    Where is this office building located?
    The property is located at 890 North Mccarthy Blvd Milpitas, CA.
    What are key features of this property?
    This property features: - ±1.1 million SF office and R&D campus; - 68-acre campus-style property with lush landscaping; - 19-building complex
    (408) 453-7440
    Request Owner's contact information
    890 North Mccarthy Blvd Milpitas, CA 95035
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    890 North Mccarthy Blvd
    Milpitas, CA 95035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    890 North Mccarthy Blvd Milpitas, CA 95035
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark Schmidt
    Real Estate License ID: 00872826
    (408) 453-7440
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!