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Property profile & analytics
OFF-MARKET
Estimated value
$16,320,000
Apartment buildings
1000 Hillview Ct Milpitas, CA 95035-4578
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-3287299
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1997
Construction
WOOD FRAME
Total area
61,163 SF
Lot
3.28 ac (142,876 SF)
Zoning code
TC
APN
028-26-003
UPID
US09-3287299
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
Current use
Occupant on record · Public records
-
Hillview Court Apartments Apartment Building
-
Hillview Executive Park Business Service Center Corporate Office
-
Farrahlyn Lyn Cura AugustStalinGotham, Placido, Cornmann, Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.89M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.32M
Owner & transaction history
County Of Santa Clara · 3 yrs held
County Of Santa Clara
since 2023
7 recorded transactions
Zoning & alternative use
TC · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,375,000
6.5%
$17,885,000
7%
$16,610,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$25,565,000
Current use
WAREHOUSE, STORAGE
$21,745,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$16.32M
Range $14.69M – $17.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$267 / 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
$3,803
Tax year 2024
Assessed value
$30,600,000
Assessed 2024
Previous assessed
$30,600,000
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$5,610,000
Assessed improvement
$24,990,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1997
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Stories
3
Units
134
Total area
61,163 SF
Lot
3.28 ac (142,876 SF)
Zoning code
TC
APN
028-26-003
UPID
US09-3287299
Jurisdiction
SANTA CLARA
Zoning & alternative use
TC · Milpitas, CA
Zoning TC · permitted uses
TC · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$25.6M
WAREHOUSE, STORAGE
Est. value
$21.7M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
3
Units
134
Lot
3.28 ac
Current owner
From public records · entity-resolved
County Of Santa Clara
Entity
Mailing address
2310 N 1ST ST STE #200, SAN JOSE, CA 95131-1040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
—
Jhc Hillview LLC
—
Deed
related
$21,900,000 · Nef Workforce Housing Innovation Fund LP
Apr 14, 2023
—
County Of Santa Clara
Jhc Hillview LLC
Grant Deed
$11,900,000 · County Of Santa Clara
Nov 23, 2020
$65,000,000
Jhc-hillview LLC
Esa P Portfolio LLC
Grant Deed
—
Apr 14, 2020
$14,000,000
Esa 0898 INC
Extended Stay Ca INC
Grant Deed
—
Dec 14, 2012
—
Esa P Portfolio LLC
—
Deed Of Trust
related
—
Apr 18, 1997
—
Esa 0898 INC
Ucld Properties LLC
Grant Deed
related
—
May 17, 1996
—
Ucld Properties LLC
Ucld Properties Ltd
Quit Claim Deed
related
—
Oct 3, 1994
—
Ucld Properties Ltd
Union Bank
Grant Deed
related
—
Nov 27, 1991
—
Union Bank
Cc&f Investment
Grant Deed
related
—
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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