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Property profile & analytics
OFF-MARKET
Estimated value
$4,965,000
Strip malls
1678 Milpitas Blvd Milpitas, CA 95035-2767
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2376220
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Total area
45,081 SF
Lot
3.82 ac (166,399 SF)
Zoning code
C
APN
026-06-030
UPID
US09-2376220
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
-
Golden Sun Palace 香港樓 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.97M
Owner & transaction history
Milpitas Greens · 1 yrs held
Milpitas Greens
since 2025
6 recorded transactions
Zoning & alternative use
C · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.97M
Range $4.47M – $5.46M · ±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
$110 / 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
$146,254
Tax year 2024
Assessed value
$12,496,292
Assessed 2024
Previous assessed
$12,496,292
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$232,050
Assessed improvement
$12,264,242
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1996
Heating
NONE
Stories
2
Total area
45,081 SF
Lot
3.82 ac (166,399 SF)
Zoning code
C
APN
026-06-030
UPID
US09-2376220
Jurisdiction
SANTA CLARA
Zoning & alternative use
C · Milpitas, CAZoning C · permitted uses
C · Milpitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
2
Lot
3.82 ac
Current owner
From public records · entity-resolved
Milpitas Greens
Individual
Mailing address
1678 N MILPITAS BLVD, MILPITAS, CA 95035-2767
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
—
Milpitas Greens
Milpitas Greens
Quitclaim Deed
related
—
Feb 10, 1995
—
Milpitas Greens
—
Grant Deed
related
$4,500,000 · San Jose National Bank
Jun 10, 1988
—
Milpitas Greens
The B
Quit Claim Deed
related
$986,000 · Sanwa Bank California
—
—
Milpitas Greens
—
Deed Of Trust
related
$913,006 · Heritage Bank Of Commerce
—
—
Milpitas Greens
—
Deed Of Trust
related
$500,000 · San Jose National Bank
—
—
Milpitas Greens
—
Deed Of Trust
related
$1,200,000 · San Jose National Bank
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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