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Property profile & analytics
OFF-MARKET
Estimated value
$2,515,000
Life science properties
115 Mccarthy Blvd Milpitas, CA 95035-5102
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2746482
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2001
Construction
STEEL FRAME
Total area
115,753 SF
Lot
2.04 ac (88,686 SF)
Zoning code
MP
APN
022-56-005
UPID
US09-2746482
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
$2.52M
Owner & transaction history
Campus 237 Owner LLC · 6 yrs held
Campus 237 Owner LLC
since 2019
5 recorded transactions
Zoning & alternative use
MP · 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
$22 / 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
$279,924
Tax year 2024
Assessed value
$24,008,126
Assessed 2024
Previous assessed
$24,008,126
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$3,752,706
Assessed improvement
$20,255,420
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Stories
2
Units
1
Total area
115,753 SF
Lot
2.04 ac (88,686 SF)
Zoning code
MP
APN
022-56-005
UPID
US09-2746482
Jurisdiction
SANTA CLARA
Zoning & alternative use
MP · Milpitas, CA
Zoning MP · permitted uses
MP · 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
2001
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Campus 237 Owner LLC
Entity
Mailing address
255 SHORELINE DR STE #300, REDWOOD CITY, CA 94065-1429
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2020
—
Campus 237 Owner LLC
—
Deed
related
$84,448,000 · American Fam Life Assur Co/col
Jul 25, 2019
$70,250,000
Campus 237 Owner LLC
Hudson Campus Center LLC
Grant Deed
$99,448,000 · Miscellaneous Ins Co
Apr 3, 2015
—
Hudson Campus Center LLC
Bre Of Milpitas LLC
Grant Deed
—
Sep 7, 2006
—
Bre Of Milpitas LLC
Veritas Operating Corp
Grant Deed
$100,000,000 · Column Financial INC
—
—
Campus 237 Owner LLC
—
Loan Modification
related
$84,448,000 · American Fam Life Assur Co/col
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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