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Property profile & analytics
OFF-MARKET
Estimated value
$6,105,000
Sports & entertainment properties
1000 Jacklin Rd Milpitas, CA 95035-4555
Entity Owned
~
Est. High Equity
Property ID
US09-3146393
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1980
Construction
TILT-UP CONCRETE
Total area
22,298 SF
Lot
1.14 ac (49,658 SF)
Zoning code
HS
APN
028-05-015
UPID
US09-3146393
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
-
Nguyen Tommy DC Alternative Medicine Practice
-
Roohparvar Farid DC Alternative Medicine Practice
-
Webster Shopping World Clothing Store
-
Taurean Fitness Gym & Fitness Center
-
Cam's Handy Services Carpet Cleaning Service House Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.11M
Owner & transaction history
New Life Community Church Of The South Bay
New Life Community Church Of The South Bay
since 2026
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
HS · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.8M
+468.0%
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
$5,740,000
ML approach
$6,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,780,000
Change: +468% · Conversion: Difficult
Blend value · Realmo final
$6.11M
Range $5.49M – $6.72M · ±10% · vs last sale $6.10M (Feb 14 2022)
Last sale anchor
$6.10M
Feb 14 2022
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
$274 / 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 2022Property tax & assessments
Tax year 2022
Assessed value
$6,222,000
Assessed 2023
Previous assessed
$2,557,935
+143.2% YoY
Assessed land
$2,550,000
Assessed improvement
$3,672,000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
22,298 SF
Lot
1.14 ac (49,658 SF)
Zoning code
HS
APN
028-05-015
UPID
US09-3146393
Jurisdiction
SANTA CLARA
Zoning & alternative use
HS · Milpitas, CA
Zoning HS · permitted uses
HS · 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
OFFICE BUILDING
Est. value
$4.8M
OFFICE BUILDING
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
1980
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
New Life Community Church Of The South Bay
Entity
Mailing address
14920 VICKERY AVE, SARATOGA, CA 95070-6320
Ownership since
2026
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
Apr 1, 2026
$6,200,000
New Life Community Church Of The South Bay
Pslg LLC
Grant Deed
$4,000,000 · Baptist Church Loan
Feb 14, 2022
$6,100,000
Pslg LLC
Joseph Ralph Gigantino JR
Grant Deed
$2,648,500 · Western Alliance Bank
Aug 19, 2014
—
Health & Fitness Trust
Joseph R Gigantion JR
Intrafamily Transfer
related
—
Dec 27, 2007
—
Health & Fitness Trust
Gigantino,joseph R JR & Christine M
Grant Deed
related
—
Dec 24, 1997
$1,700,000
Joseph R Gigantino
Kehrig Trust
Grant Deed
$1,700,000 · Coast Commercial Bank
—
—
Kehrig Richard J
—
Deed Of Trust
related
$1,000 · Commonwealth Land Title Co
—
—
Richard J Kehrig
—
Deed Of Trust
related
$800,000 · Bank Of Santa Clara
—
—
Kehrig Richard J
—
Deed Of Trust
related
$100,000 · Pacific Western National Bank
—
—
Joseph R Gigantino
—
Deed Of Trust
related
$2,050,000 · Comerica Bank California
—
—
Richard Kehrig
—
Deed Of Trust
related
$1,200,000 · Sumitomo Bank
—
—
Joseph R Gigantino
—
Deed Of Trust
related
$300,000 · M H Holdings INC
—
—
Kehrig Trust
—
Deed Of Trust
related
$38,630 · Bank Of Santa Clara
—
—
Kehrig Trust
—
Deed Of Trust
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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