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Property profile & analytics
OFF-MARKET
Estimated value
$8,330,000
Warehouses
15 Wilson Way Milpitas, CA 95035
Entity Owned
31-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2105545
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Construction
TILT-UP CONCRETE
Total area
64,120 SF
Lot
2.46 ac (107,158 SF)
Zoning code
HS
APN
022-01-011
UPID
US09-2105545
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
$8.33M
Owner & transaction history
D & M Associates · 31 yrs held
D & M Associates
since 1995
5 recorded transactions
Zoning & alternative use
HS · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
“commercial zones” shall refer to the CO, C1, C2, and HS zones). B.2.040 Zoning of Annexed Areas Any area annexed to the City after the effective date of this amendment shall immediately upon such annexation be automatically classified as an Agricultural District with the "S" Overlay District ("A-S" Zone), unless said area is located east of the alignment of…
Zone name
Highway Service
General category
COMMERCIAL
Zone area
36.94 ac
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.33M
Range $7.50M – $9.16M · ±10%
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
$130 / 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
$51,110
Tax year 2024
Assessed value
$4,240,473
Assessed 2024
Previous assessed
$4,240,473
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,762,059
Assessed improvement
$2,478,414
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
NONE
Stories
2
Units
462
Total area
64,120 SF
Lot
2.46 ac (107,158 SF)
Zoning code
HS
APN
022-01-011
UPID
US09-2105545
Jurisdiction
SANTA CLARA
Zoning & alternative use
HS · Milpitas, CAZoning HS · permitted uses
HS · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
“commercial zones” shall refer to the CO, C1, C2, and HS zones). B.2.040 Zoning of Annexed Areas Any area annexed to the City after the effective date of this amendment shall immediately upon such annexation be automatically classified as an Agricultural District with the "S" Overlay District ("A-S" Zone), unless said area is located east of the alignment of Piedmont Road, Evans Road, North Park Victoria Drive
Zone name
Highway Service
General category
COMMERCIAL
Zone area
36.94 ac
Building & site characteristics
From public records
Year built
1983
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Units
462
Lot
2.46 ac
Current owner
From public records · entity-resolved
D & M Associates
Entity
Mailing address
5271 S QUEBEC ST, GREENWOOD VILLAGE, CO 80111-1804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
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
Oct 26, 2006
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$85,000,000 · Bayerische Hypo-und Vereinsban
Mar 31, 1995
$2,575,000
D & M Associates
Ssi Properties INC
Trustees Deed
$1,800,000 · Community First Bank
Mar 31, 1995
$975,000
Ssi Properties INC
Lock-it-up Partners 1986 1
Trustees Deed
related
—
—
—
Lock It Up Partners
—
Deed Of Trust
related
$1,600,000 · Community Bank NA
—
—
D & M Associates
—
Deed Of Trust
related
$1,900,000 · Ward Cook INC
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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