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

    Corning Ave Milpitas, CA 95035

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,995,000

    Two-story office building with value-add potential in Milpitas.

    Property size:
    20,939 SF
    Lot size:
    0.68 Acres

    Property Features for Corning Ave

    General Information

    Standard status
    Active
    Size
    20,939 SF
    Lot size
    0.68 Acres

    Building Details

    Year built
    1978

    Source: NEXTHOME AXIS REALTY Agent MELINDA COLLINS

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

    Overview

    Milpitas Office Building Investment Opportunity

    This two-story office building, totaling 20,939 square feet, presents an investment or owner-user opportunity in Milpitas. The property is located on a prominent corner lot and features 32 suites. The current occupancy rate is 89%, with a diverse tenant mix of professionals and small businesses. The gross scheduled income is $34,717 per month, or $416,606 annually. There is immediate value-add potential through converting lease terms from Gross to NNN and adjusting rents to market rates. The property has ample on-site parking. It is located near I-880, I-680, BART, VTA, and major retail centers, including the Great Mall. Opportunities exist to upgrade the HVAC and electrical systems, improve water efficiency to reduce operating costs, and implement green building features. Vacant spaces can be leased, and underperforming suites can be repositioned at market rates. This property is suitable for investors seeking asset appreciation or owner-users looking to secure premium office space.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Milpitas
    County
    Santa Clara
    State
    California
    Longitude
    -121.905675
    Latitude
    37.424468

    Nearby Similar for Sale

    • $309,000

      Charming Home in Senior Community

      Affordable 2-bedroom, 2-bath home in desirable senior community.
      60 Wilson Way, Milpitas, CA 95035
      View Details
    • $290,000

      Turnkey Boba Milk Tea Shop

      Established boba shop in high-traffic location, ready for new owner.
      60 S Able St, Milpitas, CA 95035
      View Details
    • $1,100,000

      Restaurant Opportunity Near Great Mall

      Restaurant in area with upcoming residential and mixed-use developments.
      579 S Main St, Milpitas, CA 95035
      View Details
    • $398,000

      Milpitas 55+ Community Mobile Home

      2000-built mobile home in a convenient Milpitas location.
      1515 N Milpitas Blvd, Milpitas, CA 95035
      View Details
    • $150,000

      Restaurant/Bistro in Seasons Market

      Restaurant/Bistro in a high-traffic mall/business complex.
      1535 Landess Ave, Milpitas, CA 95035
      View Details
    • $120,000

      Milpitas Retail Space with License

      High-traffic retail space suitable for grocery or convenience store.
      118 S Abel St, Milpitas, CA 95035
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with value-add potential in Milpitas.
    Where is this office building located?
    The property is located at Corning Ave Milpitas, CA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: - Immediate value-add potential through lease conversions and rent adjustments.; - Prime location near major transportation and retail centers.; - **20,939 SF two-story office building** on corner lot.
    Request Owner's contact information
    Corning Ave 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.
    Corning Ave
    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 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
    Corning Ave 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
    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.