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Property profile & analytics
FOR LEASE
Office buildings
1900 Mccarthy Blvd Milpitas, CA 95035
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3198058
For Lease
1 / 9
$21,985,000
1900 Mccarthy Blvd, Milpitas, CA 95035
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
TILT-UP CONCRETE
Total area
80,970 SF
Lot
3.2 ac (139,392 SF)
Zoning code
IP
APN
083-31-050
UPID
US10-3198058
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
-
R S Software (Bike/Boat/Book/etc) Store Corporate Office
-
meShare Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Sankara Eye Foundation Charitable Organization
-
Winmax Systems Corporation Business Management Consultant Computer Consultant
-
Cyient, Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.33M
Blend (final)
Blend
$21.99M
Owner & transaction history
Himy Family Ptshp I LP · 10 yrs held
Himy Family Ptshp I LP
since 2016
3 recorded transactions
Zoning & alternative use
IP · 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
$21.99M
Range $19.79M – $24.18M · ±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
$272 / 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
$166,734
Tax year 2024
Assessed value
$14,276,911
Assessed 2024
Previous assessed
$14,276,911
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$5,570,810
Assessed improvement
$8,706,101
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
4
Units
1
Total area
80,970 SF
Lot
3.2 ac (139,392 SF)
Zoning code
IP
APN
083-31-050
UPID
US10-3198058
Jurisdiction
SANTA CLARA
Zoning & alternative use
IP · Milpitas, CAZoning IP · permitted uses
IP · 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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
4
Units
1
Lot
3.2 ac
Current owner
From public records · entity-resolved
Himy Family Ptshp I LP
Entity
Free & Clear · 10 yrs held
Mailing address
4045 HORTON ST, EMERYVILLE, CA 94608-3509
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2016
$12,301,500
Himy Family Ptshp I LP
Realty Associates Fund Viii LP
Grant Deed
—
Jan 31, 2007
—
Realty Associates Fund Viii
Ca-1900 Mccarthy
Grant Deed
—
May 23, 1994
—
Properties LP Spieker
Oak Creek Office
Grant Deed
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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