Individually Owned 
For Sale
1 / 6
Contact for pricing
134 S Main St, Milpitas, CA 95035
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
WOOD
Total area
8,400 SF
Lot
1.04 ac (45,410 SF)
Zoning code
MXD
APN
083-07-016
UPID
US09-0893098
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Insurance Agency
-
Bar & Pub Nightclub
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.49M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.53M
Owner & transaction history
since 2014
7 recorded transactions
Zoning & alternative use
MXD · Milpitas, CA
Zoning description
A. Mixed Use (MXD) Zone. The Mixed Use (MXD) Zone is intended to encourage a compatible mix of residential, retail, entertainment, office, and commercial service uses within a pedestrian- oriented streetscape. B. Very Hi…
General category
MIXED_USE
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.53M
Value range
$2.27M – $2.78M
±10% around blend
Estimated value / SF
$301 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
$2.27M
blend $2.53M
$2.78M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
8,400 SF
Lot area
1.04 ac
Year built
1962
Stories
1
APN
083-07-016
Zoning
MXD
Assessed value
$2,712,460
Annual tax
$32,030
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.49M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.78M
@ 6.5% CAP return
$3.49M
@ 7% CAP return
$3.24M
4
Sales comparison
Partial preview
Sales approach indication
$2.84M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.7 mi away · 10,000 SF
5.5 mi away · 9,500 SF
8.5 mi away · 7,926 SF
9.8 mi away · 7,872 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.53M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 21 sales
$656
-54%
Submarket 21 sales
$656
-54%
County 827 sales
$535
-44%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $301/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.71M
Move the market yield to see immediate price impact.
Value / SF
$323
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$171k
$3.42M
$2.44M
$1.90M
$190k
$3.80M
$2.71M
$2.11M
$209k
$4.18M
$2.98M
$2.32M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$4.20M
3.7 mi · Apr 2026 · $420/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$32,030
Tax year 2024
Assessed value
$2,712,460
Assessed 2024
Previous assessed
$2,712,460
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,800,933
Assessed improvement
$911,527
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
NONE
Stories
1
Units
7
Total area
8,400 SF
Lot
1.04 ac (45,410 SF)
Zoning code
MXD
APN
083-07-016
UPID
US09-0893098
Jurisdiction
SANTA CLARA
Zoning & alternative use
MXD · Milpitas, CAZoning MXD · permitted uses
MXD · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
A. Mixed Use (MXD) Zone. The Mixed Use (MXD) Zone is intended to encourage a compatible mix of residential, retail, entertainment, office, and commercial service uses within a pedestrian- oriented streetscape. B. Very Hi…
General category
MIXED_USE
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
7
Lot
1.04 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
MXD
MIXED_USE
Jurisdiction
Milpitas, CA
Recorded code
MXD
Official district
MXD
Official district profile
What the municipal code says about MXD
Zoning description
A. Mixed Use (MXD) Zone. The Mixed Use (MXD) Zone is intended to encourage a compatible mix of residential, retail, entertainment, office, and commercial service uses within a pedestrian- oriented streetscape. B. Very Hi…
General category
MIXED_USE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MXD in Milpitas, CA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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