Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    61 Serra Way Milpitas, CA 95035

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $42 SF/Yr ($3,080 /Mo)

    Retail space available for lease in Milpitas, California.

    Property size:
    880 SF
    Lot size:
    0.75 Acres

    Property Features for 61 Serra Way

    General Information

    Size
    880 SF
    Lot size
    0.75 Acres

    We can help!

    Listing Contact
    Mark B. Biagini
    Source: Moodyscre

    Listing Agent: Mark B. Biagini

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

    Learn more

    Property Insight Report

    Overview

    Retail Space Available For Rent

    This retail space, located at 61 Serra Way in Milpitas, California, offers 880 square feet of area. The property is suitable for retail purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    N & M Dental ... Dentist Nguyen DDS, Sxuan Dentist Chavez DDS, Belen ... Dentist The Vegan Lasagna Garden Restaurant Karki Beauty & Threading Beauty Salon

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Milpitas
    County
    Santa Clara
    State
    California
    Longitude
    -121.9080354
    Latitude
    37.428229

    Nearby Similar for Lease

    • Contact for pricing
      294,000 SF

      Industrial Building Near Transportation Hub

      294,000 SF industrial building with convenient access to transportation.
      475 Sycamore Dr, Milpitas, CA 95035
      View Details
    • $3 SF/Yr
      19,958 SF

      Milpitas Lab and Office Space

      Two-story building with lab, office, and warehouse space available.
      155 S Milpitas Blvd, Milpitas, CA 95035
      View Details
    • Contact for pricing
      1,500 SF

      Landess Ave Retail Space For Lease

      Prime Santa Clara Retail, 1500 SF
      1455-1487 Landess Ave, Milpitas, CA 95035
      View Details
    • Contact for pricing
      25,351 SF

      Milpitas Warehouse with Heavy Power

      Warehouse space with docks, parking, and potential fenced yard.
      835-865 Sinclair Frontage Rd, Milpitas, CA 95035
      View Details
    • Contact for pricing
      35,208 SF

      Prime Milpitas Industrial Space

      35,208 SF Manufacturing/Flex/R&D
      237 Hillview Dr, Milpitas, CA 95035
      View Details
    • $1.35 SF/Yr
      82,179 SF

      Milpitas Warehouse with Cooler Space

      82,179 SF food-grade warehouse with cooler space available for lease.
      1001 Montague Expy, Milpitas, CA 95035
      View Details
    • Contact for pricing
      48,000 SF

      Milpitas Warehouse with Secured Yard

      48,000 SF warehouse with secured yard available for lease.
      485 Vista Way, Milpitas, CA 95035
      View Details
    • $2 SF/Yr
      38,318 SF

      Milpitas Flex / Industrial Space

      High-image flex/industrial space with access to I-880 and public transport.
      660-700 Tasman Dr, Milpitas, CA 95035
      View Details
    • $2 SF/Yr
      10,781 SF

      Milpitas Flex/Industrial Space Available

      Flex/industrial spaces with high power, loading docks, and easy access.
      510-530 Alder 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
    • Contact for pricing
      11,993 SF

      Versatile Flex Space in Milpitas

      68-acre campus with 1.1 million sq ft workspace.
      490 North Mccarthy Blvd, Milpitas, CA 95035
      View Details
    • $1.75 SF/Yr
      14,549 SF

      Milpitas Warehouse Space Available

      HVAC office and warehouse space with highway access.
      1161-1181 Cadillac Ct, Milpitas, CA 95035
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available for lease in Milpitas, California.
    Where is this retail space located?
    The property is located at 61 Serra Way Milpitas, CA.
    What is the lease rate?
    The lease rate is $42 SF/Yr.
    What are key features of this property?
    This property features: - Retail space available for lease; - Located in Milpitas, California
    (408) 331-2300
    Request Owner's contact information
    61 Serra Way 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.
    61 Serra Way
    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
    61 Serra Way 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 B. Biagini
    (408) 331-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.