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Property profile & analytics
OFF-MARKET
Estimated value
$3,775,000
Retail space
124 Milpitas Blvd Milpitas, CA 95035-4401
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0374478
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
3,568 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C
APN
028-12-020
UPID
US09-0374478
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
-
Noah's NY Bagels (Bike/Boat/Book/etc) Store Bakery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.77M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$3.78M
Owner & transaction history
Jiang,henry Trust · 6 yrs held
Jiang,henry Trust
since 2020
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
C · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+56.8%
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
$4,245,000
ML approach
$3,765,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,340,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,665,000
Change: +57% · Conversion: Moderate
Blend value · Realmo final
$3.78M
Range $3.40M – $4.15M · ±10% · vs last sale $3.83M (May 12 2020)
Last sale anchor
$3.83M
May 12 2020
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
$1,058 / 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
$4,101,170
Assessed 2023
Previous assessed
$4,101,170
+0.0% YoY
Assessed land
$2,058,627
Assessed improvement
$2,042,543
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Units
2
Total area
3,568 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C
APN
028-12-020
UPID
US09-0374478
Jurisdiction
SANTA CLARA
Zoning & alternative use
C · Milpitas, CA
Zoning C · permitted uses
C · 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
RETAIL STORES Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Stories
1
Units
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Jiang,henry Trust
Trust
Mailing address
843 MALCOLM RD, BURLINGAME, CA 94010-1406
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2020
—
Jiang,henry Trust
Jiang Henry Trust
Quit Claim Deed
related
$2,095,000 · East West Bk
Nov 9, 2018
$3,825,000
David H Leung
Douglas V Ferrari
Grant Deed
$2,150,000 · Shanghai Commercial Bank
Sep 19, 2017
—
Gail L Ferrari
Ferrari,gail L
Quit Claim Deed
related
—
Aug 25, 2017
—
Larry B Grattan
Grattan Louise M 1988 Trust
Quit Claim Deed
related
—
Feb 28, 2017
$200,000
Grattan,louise M 1988 Fam Trust
Hansen H W 1988 Fam Trust
Grant Deed
—
Oct 24, 2013
—
Ferrari 2013 Trust
Ferrari,douglas V & Gail L
Quit Claim Deed
related
—
Apr 26, 2013
—
Grattan,larry Tr
Hansen,louise M
Affidavit Of Death
related
—
Feb 13, 2013
—
Grattan L M 1988 Family Trust
Grattan L M 1988 Trust
Quit Claim Deed
related
$575,000 · Standard Insurance Co
Aug 28, 2000
$295,500
Hansen Trust
Gratten Trust
Grant Deed
—
Mar 31, 2000
$1,500,000
Grattan Trust
North Milpitas Blvd LLC
Trustees Deed
—
—
—
David,h Leung & Barbara Trust
—
Deed Of Trust
related
$2,095,000 · East West Bk
—
—
Grattan Trust
—
Deed Of Trust
related
$685,000 · Cupertino National Bank
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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