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Property profile & analytics
OFF-MARKET Estimated value $9,040,000
Warehouses

1601 Watson Ct Milpitas, CA 95035-6806

57,800 SF 3.38 ac lot Built 1979
Individually Owned 7-yr Hold Free & Clear
Property ID
US09-1021735
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1979
Construction TILT-UP CONCRETE
Total area 57,800 SF
Lot 3.38 ac (147,232 SF)
Zoning code M2
APN 092-08-101
UPID US09-1021735
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
  • Public Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$9.04M
Owner & transaction history
Santa Clara Vly Water District · 7 yrs held
Santa Clara Vly Water District
since 2018
2 recorded transactions
2018
Price N/A
2016
Price N/A
Zoning & alternative use
M2 · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B. Heavy Industrial (M2) Zone. The Heavy Industrial (M2) Zone is reserved for the construction, use, and occupancy of buildings and facilities for office, research, general manufacturing, warehousing and distribution, and other uses compatible with the Zone. C. Industrial Park (MP) Zone. The Industrial Park (MP) Zone is intended to accommodate, in a park- li…

Zone name Heavy Industrial
General category INDUSTRIAL
Zone area 576.11 ac
Source Updated Zoning Ordinance Final
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