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Property profile & analytics
OFF-MARKET
Estimated value
$19,580,000
Industrial land
1656 Mccarthy Blvd Milpitas, CA 95035-7417
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3109817
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1983
Construction
CONCRETE
Total area
79,200 SF
Lot
5.19 ac (226,075 SF)
Zoning code
MPS
APN
083-31-026
UPID
US10-3109817
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
-
Pacer International Inc Renovation Specialist
-
CoreSite Milpitas Data Center (SV2) Telecommunications Service
-
InfoRelay SJC2 | Data Center Colocation and Cloud Hosting Telecommunications Service Data Center
-
InfoRelay | Data Center Colocation and Cloud Hosting Data Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.34M
Comparable Approach
Comparable
$17.47M
Blend (final)
Blend
$19.58M
Owner & transaction history
Coresite Real Estate 1656 Mcca · 10 yrs held
Coresite Real Estate 1656 Mcca
since 2016
5 recorded transactions
Zoning & alternative use
MPS · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$28.2M
+15.6%
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%
$22,030,000
6.5%
$20,335,000
7%
$18,885,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$24,355,000
Current use
WAREHOUSE, STORAGE
$28,155,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$19.58M
Range $17.62M – $21.54M · ±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
$247 / 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
$484,091
Tax year 2024
Assessed value
$41,899,198
Assessed 2024
Previous assessed
$41,899,198
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$9,935,412
Assessed improvement
$31,963,786
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1983
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
79,200 SF
Lot
5.19 ac (226,075 SF)
Zoning code
MPS
APN
083-31-026
UPID
US10-3109817
Jurisdiction
SANTA CLARA
Zoning & alternative use
MPS · Milpitas, CAZoning MPS · permitted uses
MPS · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$24.4M
WAREHOUSE, STORAGE
Est. value
$28.2M
INDUSTRIAL (GENERAL) Current
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
1983
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.19 ac
Current owner
From public records · entity-resolved
Coresite Real Estate 1656 Mcca
Individual
Free & Clear · 10 yrs held
Mailing address
1001 17TH ST STE #500, DENVER, CO 80202-2461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 15, 2016
—
Coresite Real Estate 1656 Mcca
Coresite Real Estate 1656 Mcca
Quit Claim Deed
related
—
Dec 8, 2006
—
Crp Oak Creek V 1656 Mccarthy
Nd Properties INC
Grant Deed
—
Dec 31, 2001
—
Nd Properties INC
Teachers Insurance & Annuity
Grant Deed
related
—
—
—
Coresite Real Estate 1656 Mcca
—
Deed Of Trust
related
—
—
—
Coresite R & E 1656 Mccarthy LLC
—
Loan Modification
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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