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Property profile & analytics
OFF-MARKET
Apartment buildings
120 Dixon Lndg Rd Milpitas, CA 95035-2511
Individually Owned
13-yr Hold
Free & Clear
Property ID
US09-3821160
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1969
Lot
22.8 ac (993,385 SF)
Zoning code
HS-S
APN
022-02-051
UPID
US09-3821160
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
-
In Home Massage Alternative Medicine Practice Spa & Massage Center
-
Friendly Village Mobilehome Community Campground & RV Park
-
Graig Porta Potty Rental Milpitas Building Supply
-
Graig Portable Toilet Rental Building Supply
-
Friendly Hair Cut Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Santa Clara Vly Transportation · 13 yrs held
Santa Clara Vly Transportation
since 2012
5 recorded transactions
Zoning & alternative use
HS-S · 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
—
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
$47,645
Tax year 2024
Assessed value
$3,066,429
Assessed 2024
Previous assessed
$3,066,429
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$1,195,752
Assessed improvement
$1,870,677
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
1969
Heating
NONE
Lot
22.8 ac (993,385 SF)
Zoning code
HS-S
APN
022-02-051
UPID
US09-3821160
Jurisdiction
SANTA CLARA
Zoning & alternative use
HS-S · Milpitas, CA
Zoning HS-S · permitted uses
HS-S · 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
1969
Heating
NONE
Lot
22.8 ac
Current owner
From public records · entity-resolved
Santa Clara Vly Transportation
Individual
Free & Clear · 13 yrs held
Mailing address
PO BOX 11927, SANTA ANA, CA 92711-1927
Ownership since
2012
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
May 15, 2020
—
Milpitas Mobile Home Estates
—
Deed
related
$14,500,000 · Thrivent Fin'l/lutherans
Dec 21, 2012
—
Santa Clara Vly Transportation
Milpitas Mobile Home Estates
Grant Deed
—
—
—
Milpitas Mobile Home Estates
—
Loan Modification
related
$8,500,000 · Thrivent Fin'l/lutherans
—
—
Milpitas Mobile Home Estates
—
Deed Of Trust
related
$8,500,000 · Thrivent Fin'l/lutherans
—
—
Milpitas Mobile Home Estates
—
Deed Of Trust
related
$14,500,000 · Thrivent Fin'l/lutherans
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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