Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    193199 St Milpitas, CA 95035
    Back to Search
    Property profile & analytics

    193199 St, Milpitas, CA 95035

    View on Map
    • Mixed-use properties
    • 1.46 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 193199 St

    Year built
    1983
    Lot size
    1.46 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property in Milpitas, CA, presents a compelling investment opportunity. Situated on a 1.46-acre lot (approximately 63,598 square feet), this Class B industrial warehouse building offers a substantial 25,773 rentable square feet. Constructed in 1983, the two-story concrete structure boasts a 20-foot clear ceiling height, providing ample space for various industrial or storage needs. The property includes convenient loading facilities with one dock-high door and two drive-in/grade-level doors, ensuring efficient operations. Parking is readily available with approximately 50 spaces, providing a ratio of 0.58 per 1,000 square feet. The building benefits from a robust power supply of approximately 2000 amps, 480v. Its prime location in the heart of Milpitas offers unparalleled access to a wealth of amenities. Nearby businesses include major manufacturing companies, R&D facilities, medical offices, Kaiser Permanente, the Great Mall, diverse restaurants, and the BART station. Furthermore, its proximity to freeways 680, 880, and 237 ensures seamless connectivity throughout the Bay Area. Milpitas City Hall and other local conveniences are also within minutes. This property is ideally suited for a variety of businesses seeking a strategic location with excellent infrastructure and accessibility. The asking price is $49,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milpitas
    County
    Santa Clara
    State
    California
    Longitude
    -121.9
    Latitude
    37.4323

    Comparable in this City

    • Value Estimation by Request
      15,107 SF

      7280 Marylinn Dr

      Retirement homes
      7280 Marylinn Dr, Milpitas, CA 95035
      View Details
    • Value Estimation by Request
      0.18 Acres

      1148 Ct

      Mixed-use properties
      1148 Ct, Milpitas, CA 95035
      View Details
    • Value Estimation
      $660,000
      24.68 Acres

      Milpitas, CA 95035

      OFFICE BUILDING
      Milpitas, CA 95035
      View Details
    • Value Estimation by Request
      1.37 Acres

      Milpitas, CA 95035

      RETAIL STORES (PERSONAL SERVICES)
      Milpitas, CA 95035
      View Details
    • Value Estimation by Request
      0.39 Acres

      Milpitas, CA 95035

      APARTMENT HOUSE (5+ UNITS)
      Milpitas, CA 95035
      View Details
    • Value Estimation by Request
      0.49 Acres

      Milpitas, CA 95035

      RETAIL STORES (PERSONAL SERVICES)
      Milpitas, CA 95035
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Milpitas Land For Sale

      1.81 acres of land available in Milpitas, California.
      134 S Main St, Milpitas, CA 95035
      View Details
    • Contact for pricing

      Milpitas Mixed-Use Development Opportunity

      0.34 acre mixed-use development land in rapidly growing Milpitas.
      27 Main St, Milpitas, CA 95035
      View Details
    • $239,000

      Senior Park Mobile Home

      Mobile home in a senior park with low space rent.
      60 Wilson Way, Milpitas, CA 95035
      View Details
    • $30,000,000

      2000 Scott Creek Rd, Milpitas, CA 95035

      Land
      2000 Scott Creek Rd, Milpitas, CA 95035
      View Details
    • Contact for pricing

      Development Opportunity in Milpitas

      Development opportunity suitable for residential or mixed-use projects.
      7280 Marylinn Dr, Milpitas, CA 95035
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr

      Milpitas Office Space Available

      Office space with lab, clean room, and ample power.
      670 Mccarthy Blvd, Milpitas, CA 95035
      View Details
    • Contact for pricing
      291,536 SF

      Class A R&D/Office Campus

      Five-building campus on 20 acres near major tech companies.
      1011 Mccarthy Blvd, 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
    • Contact for pricing
      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
    • Contact for pricing
      3,320 SF

      Milpitas Flex Space Available

      Flex space featuring reception, offices, and HVAC.
      793-803 Ames Ave, Milpitas, CA 95035
      View Details
    • Contact for pricing

      Milpitas Industrial/Manufacturing Space Available

      Industrial and manufacturing spaces available for lease in Milpitas.
      462-472 Vista Way, Milpitas, CA 95035
      View Details
    Request Owner's contact information
    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.
    193199 St
    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
    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

    Thank You for Inquiry
    193199 St, Milpitas, CA, 95035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!