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    Property profile & analytics

    111 Main St Milpitas, CA 95035

    • Retail space
    • 9,400 SF
    • 0.70 lot acres
    For Lease
    View listing
    $35 SF/Yr
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US09-2844015
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • AC Dog School / Dog Trainer

    Property Details for 111 Main St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    9,400 SF
    Zone code
    MI
    Property type
    Retail space
    APN
    022-24-040
    APU
    2224040

    Description

    This exceptional retail space, located at 111 S. Main Street in the heart of downtown Milpitas, California (zip code 95035), offers a flexible layout ideal for a variety of businesses. The property features multiple tenancy options, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 6,000 square feet. Currently, one space is available. Its prime location provides excellent visibility and accessibility, situated just minutes from major transportation arteries including the 237 Calaveras Boulevard, and the 880 and 680 Freeways. The property boasts high ceilings and ample parking, enhancing both the aesthetic appeal and the convenience for customers and employees. This is a rare opportunity to secure a highly desirable retail space in a thriving downtown area. The property's strategic location and attractive features make it an excellent investment for businesses seeking a strong presence in the vibrant Milpitas market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $405,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $495,000
      Geo Method
      $510,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $440,000
      Retail
      $490,000
      Mixed-Use
      $410,000
      Hospitality
      $410,000
      Educational
      $415,000
      Residential Income
      $445,000
      Energy
      $500,000
      Income-Based Land
      $500,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Milpitas
    County
    Santa Clara
    State
    California
    Longitude
    -121.907
    Latitude
    37.4289
    CBSA code
    41940
    CBSA name
    SAN JOSE-SUNNYVALE-SANTA CLARA, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $215,508
    $292,289
    $507,797
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,718 SF

      195 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,718 SF
      195 Main St, Milpitas, CA 95035-4322
      View Details
    • Value Estimation by Request
      32,038 SF

      50 Abel St

      RETAIL STORES (PERSONAL SERVICES) • 32,038 SF
      50 Abel St, Milpitas, CA 95035-5251
      View Details
    • Value Estimation by Request
      89,954 SF

      1501 California Cir

      RETAIL STORES (PERSONAL SERVICES) • 89,954 SF
      1501 California Cir, Milpitas, CA 95035-3023
      View Details
    • Value Estimation by Request
      131,819 SF

      1177 Great Mall Dr

      RETAIL STORES (PERSONAL SERVICES) • 131,819 SF
      1177 Great Mall Dr, Milpitas, CA 95035-8005
      View Details
    • Value Estimation by Request
      4,118 SF

      765 Hillview Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,118 SF
      765 Hillview Dr, Milpitas, CA 95035
      View Details
    • Value Estimation by Request
      0.09 Acres

      Milpitas, CA 95035

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      Milpitas, CA 95035
      View Details

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    Similar Nearby for Lease

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      Retail Space in Central Milpitas

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      Retail space available for lease in Milpitas, California.
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    • $5 SF/Yr
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      Turnkey Bakery Space Available

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      Milpitas Retail Space Available

      Retail space available for rent in Milpitas, California.
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    111 Main St
    Milpitas, CA 95035
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    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
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