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Property profile & analytics
OFF-MARKET
Apartment buildings
1504 Main St Milpitas, CA 95035
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US10-3068862
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1954
Total area
865 SF
Lot
1.98 ac (86,248 SF)
Zoning code
MI
APN
083-41-004
UPID
US10-3068862
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
by Request
Owner & transaction history
Milpitas Housing Authority · 13 yrs held
Milpitas Housing Authority
since 2012
7 recorded transactions
Zoning & alternative use
MI · 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 2022Property tax & assessments
Tax year 2022
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
1954
Heating
NONE
Cooling
NONE
Units
42
Total area
865 SF
Lot
1.98 ac (86,248 SF)
Zoning code
MI
APN
083-41-004
UPID
US10-3068862
Jurisdiction
SANTA CLARA
Zoning & alternative use
MI · Milpitas, CA
Zoning MI · permitted uses
MI · 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
1954
Heating
NONE
Cooling
Yes
Units
42
Lot
1.98 ac
Current owner
From public records · entity-resolved
Milpitas Housing Authority
Entity
Mailing address
455 E CALAVERAS BLVD, MILPITAS, CA 95035-5411
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
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2012
—
Milpitas Housing Authority
City Of Milpitas
Quit Claim Deed
—
Mar 8, 2011
—
City Of Milpitas
Milpitas Redevelopment Agency
Quit Claim Deed
—
Nov 23, 2009
—
Redevelopment Agcy Of City & Milpit
Bay Stone Devs LLC
Grant Deed
—
Mar 5, 2007
—
Bay Stone Dev LLC
Ma,song
Grant Deed
—
Nov 14, 2005
—
Tang Of Gao Family Trust
Tang,li
Quit Claim Deed
related
—
Oct 21, 2005
—
Ma,song
Wagar,james H JR
Grant Deed
$3,262,500 · Community Banks/nthrn Ca
Apr 10, 2001
$350,000
Lonesome Dove Enterprises LLC
Duarte Family Partners LP
Grant Deed
—
Jan 11, 1999
—
Shields Trust
Sheilds,margaret L
Quit Claim Deed
related
—
Sep 2, 1998
—
James H Wagar
Wagar Trust
Quit Claim Deed
related
—
Aug 27, 1998
—
Margaret L Shields
Wagar,james H & Margaret L
Quit Claim Deed
related
—
May 15, 1996
$450,000
Duarte Family Partners LP
Duarte,lawrence M & Karilyn R
Quit Claim Deed
related
—
Jan 19, 1996
—
Wagar Trust
Wagar,james H & Margaret L
Quit Claim Deed
related
—
Nov 18, 1991
—
James Wagar
Johnsville Mobil
Grant Deed
$225,000 · Imperial Thrift & Loan
—
—
James H Wagara
—
Deed Of Trust
related
$40,000 · Individual
—
—
Margaret L Shields
—
Deed Of Trust
related
$95,000 · Herman Christensen & Sons Pst
—
—
James H Wagar
—
Deed Of Trust
related
$50,000 · Individual
—
—
Duarte Family Partners LP
—
Deed Of Trust
related
$1,850,000 · Jackson Federal Bank
—
—
James H Wagar
—
Deed Of Trust
related
$85,000 · Alfons & Ida Schmidt
—
—
Wagar,james H JR
—
Deed Of Trust
related
$100,000 · Schmidt Trust
—
—
Wager Trust
—
Deed Of Trust
related
$225,000 · Herman Christensen & Sons Psp
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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