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Property profile & analytics
OFF-MARKET
Gas stations
1640 Milpitas Blvd Milpitas, CA 95035-2712
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-1682980
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1996
Total area
768 SF
Lot
0.41 ac (18,000 SF)
Zoning code
C1
APN
026-06-001
UPID
US09-1682980
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
-
76 Gas Station
-
CoinFlip Bitcoin ATM Business Banking Service Business To Business Service
-
EV Connect Charging Station Electric Vehicle Charging Station
-
Rocket Grocery & Convenience Store
-
Cardtronics ATM Atm
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
Shiuh K Lee · 6 yrs held
Shiuh K Lee
since 2019
7 recorded transactions
Zoning & alternative use
C1 · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$42,933
Tax year 2024
Assessed value
$3,707,401
Assessed 2024
Previous assessed
$3,707,401
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,516,821
Assessed improvement
$190,580
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1996
Heating
NONE
Cooling
NONE
Stories
1
Total area
768 SF
Lot
0.41 ac (18,000 SF)
Zoning code
C1
APN
026-06-001
UPID
US09-1682980
Jurisdiction
SANTA CLARA
Zoning & alternative use
C1 · Milpitas, CA
Zoning C1 · permitted uses
C1 · 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
1996
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Shiuh K Lee
Individual
Mailing address
PO BOX 434, MENLO PARK, CA 94026-0434
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
$3,650,000
Shiuh K Lee
Investment Prop Exchange Svcs
Grant Deed
—
Jan 22, 2016
$3,200,000
1640 N Milpitas LLC
Cf United Propco LLC
Grant Deed
—
Jul 7, 2015
$3,043,500
Cf United Propco LLC
Convenience Retailers LLC
Grant Deed
$115,000,000 · Wells Fargo Bank NA
May 20, 2008
—
Convenience Retailers LLC
Kayo Oil
Grant Deed
—
Jan 5, 2004
—
Kayo Oil Co
Conocophillips Co
Grant Deed
related
—
Apr 9, 1997
—
Tosco Corp
Union Oil Company California
Grant Deed
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Apro LLC
—
Deed Of Trust
related
—
—
—
Convenience Retailers LLC
—
Deed Of Trust
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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