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Property profile & analytics
OFF-MARKET
Estimated value
$6,800,000
Industrial properties
1860 Barber Ln, Milpitas, CA 95035-7422
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2407111
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Construction
TILT-UP CONCRETE
Total area
27,293 SF
Lot
1.96 ac (85,428 SF)
Zoning code
MI
APN
083-31-046
UPID
US09-2407111
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.01M
Comparable Approach
Comparable
$5.42M
Blend (final)
Blend
$6.80M
Owner & transaction history
Oak Creek Technology Place 1 LLC · 9 yrs held
Oak Creek Technology Place 1 LLC
since 2016
7 recorded transactions
Zoning & alternative use
MI · Milpitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$9.7M
+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%
$7,590,000
6.5%
$7,010,000
7%
$6,510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,395,000
Current use
WAREHOUSE, STORAGE
$9,700,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$6.80M
Range $6.12M – $7.48M · ±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
$249 / 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
$124,372
Tax year 2024
Assessed value
$10,695,591
Assessed 2024
Previous assessed
$10,695,591
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,129,029
Assessed improvement
$7,566,562
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 properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Units
1
Total area
27,293 SF
Lot
1.96 ac (85,428 SF)
Zoning code
MI
APN
083-31-046
UPID
US09-2407111
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$8.4M
WAREHOUSE, STORAGE
Est. value
$9.7M
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
1982
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Oak Creek Technology Place 1 LLC
Entity
Mailing address
1850 MT DIABLO BLVD STE #200, WALNUT CREEK, CA 94596-4476
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2016
$38,191,000
Oak Creek Technology Place 1 LLC
Rref II Oak Creek LLC
Grant Deed
$3,200,000 · Jpmorgan Chase Bank NA
Feb 25, 2014
$15,400,000
Rref Iie Oak Creek LLC
Oak Creek Ridge LLC
Grant Deed
—
Jun 4, 2012
$12,000,000
Oak Creek Ridge LLC
Oak Creek Hh LLC
Grant Deed
—
Sep 8, 2010
—
Oak Creek Hh LLC
Oak Creek Park LLC
Quit Claim Deed
—
Jan 31, 2002
—
Oak Creek Park LLC
Bdb Oak Creek Holdings LLC
Quit Claim Deed
related
—
Dec 6, 2000
—
Mjg Equities LLC
Divco Gpp Investors LLC
Grant Deed
related
$19,250,000 · Salomon Brothers Realty Corp
Oct 31, 1997
—
Golden Pacific Properties LLC
Benson Trust
Grant Deed
related
—
Feb 22, 1996
—
Gibson G D
Principal Mutual Life Insuranc
Grant Deed
$5,800,000 · Wells Fargo Bank
Jun 3, 1992
—
Bankers Life Co
Continental Lawy
Trustees Deed
related
—
—
—
Rref II Oak Creek LLC
—
Deed Of Trust
related
$15,207,000 · A10 Cap
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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