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Property profile & analytics
OFF-MARKET
Estimated value
$17,740,000
Warehouses
1 Hanson Ct Milpitas, CA 95035-3100
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0259891
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
WOOD FRAME
Total area
100,741 SF
Lot
4.27 ac (185,876 SF)
Zoning code
M2
APN
022-31-020
UPID
US09-0259891
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.74M
Owner & transaction history
One Hanson LLC · 12 yrs held
One Hanson LLC
since 2014
7 recorded transactions
Zoning & alternative use
M2 · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milpitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milpitas submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$166,279
Tax year 2024
Assessed value
$14,167,198
Assessed 2024
Previous assessed
$14,167,198
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$4,326,572
Assessed improvement
$9,840,626
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
1
Units
716
Total area
100,741 SF
Lot
4.27 ac (185,876 SF)
Zoning code
M2
APN
022-31-020
UPID
US09-0259891
Jurisdiction
SANTA CLARA
Zoning & alternative use
M2 · Milpitas, CA
Zoning M2 · permitted uses
M2 · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milpitas. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Units
716
Lot
4.27 ac
Current owner
From public records · entity-resolved
One Hanson LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1484 PRINCE EDWARD WAY, SUNNYVALE, CA 94087-4440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2021
—
One Hanson LLC
—
Deed
related
$10,793,809 · Irissou Family Partners LP
Jun 25, 2014
$3,650,000
One Hanson LLC
Investors Warranty Of America INC
Grant Deed
—
Feb 25, 2011
$6,319,421
Investors Warranty Of America INC
Mcm Hanson Court LLC
Deed In Lieu Of Foreclosure
—
Aug 13, 2009
—
Lawrence L Fargher
Fargher,lawrence L
Quit Claim Deed
related
—
May 8, 2007
—
Mcm Hanson Court LLC
Hanson,clive R
Quit Claim Deed
$4,725,000 · Transamerica Occidental Life
Jan 11, 2007
—
Hanson Lee & C 2006 Trust
Hanson,lee A
Quit Claim Deed
related
—
Jul 31, 2002
—
Clive R Hanson
Hanson,corly & Susan F
Quit Claim Deed
related
—
Jul 25, 2002
—
Clive R Hanson
Hanson Properties
Quit Claim Deed
related
—
Dec 22, 1999
—
Clive R Hanson
Hanson,paul T
Quit Claim Deed
related
$3,200,000 · Bay Area Bank
Jul 13, 1995
$275,000
Clive R Hanson
Hanson,ruth A
Quit Claim Deed
related
—
May 6, 1994
—
Lee A Hanson
Hanson,coraly B
Quit Claim Deed
related
$850,000 · Coast Commerce Bank
Jan 26, 1994
—
Clive R Hanson
Hanson,ruth A
Quit Claim Deed
related
—
—
—
Clive R Hanson
—
Deed Of Trust
related
$534,660 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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