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Property profile & analytics
OFF-MARKET
Estimated value
$4,665,000
Industrial properties
1502 Gladding Ct Milpitas, CA 95035-6814
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5243060
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Construction
TILT-UP CONCRETE
Total area
11,291 SF
Lot
0.62 ac (27,007 SF)
Zoning code
M1
APN
092-08-054
UPID
US09-5243060
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
-
Lantana at Milpitas Station Parking Garage Parking Lot & Garage
-
Beahm Designs, Inc. Industrial Manufacturer Production Facility
-
Nano Etch Systems Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.62M
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
$5.67M
Blend (final)
Blend
$4.67M
Owner & transaction history
Silicon Valley Breaker & Control · 3 yrs held
Silicon Valley Breaker & Control
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
M1 · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.4M
+113.2%
Office building
$6.7M
+93.0%
Apartment house (5+ units)
$4.7M
+35.9%
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
$4,530,000
ML approach
$4,620,000
CAP Approach
CAP Return
Estimation
6%
$3,140,000
6.5%
$2,900,000
7%
$2,690,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,470,000
Current use
RETAIL STORES
$7,405,000
Change: +113% · Conversion: Moderate
OFFICE BUILDING
$6,705,000
Change: +93% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,720,000
Change: +36% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,015,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$4.67M
Range $4.20M – $5.13M · ±10% · vs last sale $4.75M (Oct 19 2022)
Last sale anchor
$4.75M
Oct 19 2022
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
$413 / 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
$60,817
Tax year 2024
Assessed value
$4,845,000
Assessed 2024
Previous assessed
$4,845,000
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$2,203,200
Assessed improvement
$2,641,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Bathrooms
6
Total area
11,291 SF
Lot
0.62 ac (27,007 SF)
Zoning code
M1
APN
092-08-054
UPID
US09-5243060
Jurisdiction
SANTA CLARA
Zoning & alternative use
M1 · Milpitas, CA
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
RETAIL STORES
Est. value
$7.4M
OFFICE BUILDING
Est. value
$6.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
0.62 ac
Current owner
From public records · entity-resolved
Silicon Valley Breaker & Control
Individual
Mailing address
6968 BOLADO DR, SAN JOSE, CA 95119-1812
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2022
—
Silicon Valley Breaker & Control
Leaena Via LLC
Lease
$1,945,000 · Capital Access Group INC
Oct 19, 2022
$4,750,000
Leaena Via LLC
Arete LLC
Grant Deed
$2,375,000 · Bank Of America NA
Jul 3, 2014
$1,624,750
Arete LLC
Hegde Enterprises LLC
Grant Deed
$812,500 · Jpmorgan Chase Bank NA
Jul 31, 2013
$200,000
Corral Mh LLC
Hegde Ents LLC
Grant Deed
—
May 27, 2011
$1,008,000
Hegde Ents LLC
Ashman Family Trust
Grant Deed
$572,500 · Fremont Bank
May 27, 2011
—
Nancy M Ashman
Ashman,lloyd M
Affidavit Of Death
related
—
Jan 16, 2004
$1,277,650
Ashman,tr
S & A Associates
Trustees Deed
—
—
—
S & A Associates Gp
—
Deed Of Trust
related
$800,000 · Comerica Bank California
—
—
Ashman Trust
—
Deed Of Trust
related
$909,000 · Comerica Bank
—
—
S & A Associates
—
Deed Of Trust
related
$908,646 · Bank Of America
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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